National Bank Financial Increases Bank of Nova Scotia (BNS) Price Target to C$88.00
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price raised by National Bank Financial from C$86.00 to C$88.00 in a note issued to investors on Wednesday. The firm currently has an “outperform” rating on the bank’s stock. National Bank Financial’s target price would indicate a potential upside of 7.67% from the stock’s previous close.
Several other brokerages also recently commented on BNS. Scotiabank lowered their price objective on Bank of Nova Scotia from C$89.00 to C$88.00 and set an “outperform” rating for the company in a research note on Wednesday, August 30th. Barclays increased their price objective on Bank of Nova Scotia from C$86.00 to C$88.00 in a research note on Friday, August 11th. CIBC increased their price objective on Bank of Nova Scotia from C$87.00 to C$93.00 in a research note on Monday, November 13th. Canaccord Genuity increased their price objective on Bank of Nova Scotia from C$88.00 to C$92.00 in a research note on Wednesday, November 1st. Finally, Citigroup increased their price objective on Bank of Nova Scotia from C$90.00 to C$93.00 in a research note on Friday, November 17th. Eight research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of C$88.38.
Shares of Bank of Nova Scotia (TSE BNS) traded down C$1.75 during trading on Wednesday, hitting C$81.73. The company had a trading volume of 4,038,692 shares, compared to its average volume of 2,143,379. Bank of Nova Scotia has a 52 week low of C$73.25 and a 52 week high of C$85.50.
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its quarterly earnings results on Tuesday, November 28th. The bank reported C$1.65 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.67 by C($0.02). Bank of Nova Scotia had a return on equity of 14.91% and a net margin of 30.50%. During the same period last year, the company earned $1.58 EPS.
In other Bank of Nova Scotia news, insider Deborah Alexander sold 7,114 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of C$76.76, for a total transaction of C$546,070.64. Also, insider Kyle Mcnamara sold 3,036 shares of the stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of C$80.53, for a total value of C$244,489.08. Over the last three months, insiders have sold 10,364 shares of company stock valued at $807,789.
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Bank of Nova Scotia Company Profile
The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
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