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.

Analyst Recommendations for Bank of Nova Scotia (TSE:BNS)

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