Bank of Nova Scotia (TSE:BNS) Price Target Lowered to C$69.00 at TD Securities

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target lowered by stock analysts at TD Securities from C$72.00 to C$69.00 in a note issued to investors on Friday, BayStreet.CA reports. TD Securities’ price objective suggests a potential upside of 5.07% from the stock’s current price.

BNS has been the topic of a number of other reports. Jefferies Financial Group lifted their price target on shares of Bank of Nova Scotia from C$63.00 to C$66.00 and gave the company a “hold” rating in a research report on Wednesday, February 28th. Canaccord Genuity Group boosted their price objective on Bank of Nova Scotia from C$65.00 to C$67.50 and gave the stock a “hold” rating in a research note on Wednesday, February 28th. National Bankshares raised their target price on Bank of Nova Scotia from C$66.00 to C$67.00 and gave the company a “sector perform” rating in a report on Wednesday, February 28th. CIBC lowered their price target on shares of Bank of Nova Scotia from C$66.00 to C$64.00 and set a “neutral” rating for the company in a research report on Friday, March 8th. Finally, BMO Capital Markets lifted their price objective on shares of Bank of Nova Scotia from C$69.00 to C$74.00 in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Bank of Nova Scotia presently has an average rating of “Hold” and an average price target of C$67.22.

Bank of Nova Scotia Trading Up 0.2 %

Shares of TSE:BNS traded up C$0.12 on Friday, reaching C$65.67. 1,934,518 shares of the company were exchanged, compared to its average volume of 4,157,675. The company has a 50-day moving average of C$66.44 and a 200-day moving average of C$63.27. The firm has a market cap of C$80.12 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 1.33 and a beta of 0.96. Bank of Nova Scotia has a 1-year low of C$55.20 and a 1-year high of C$70.40.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its quarterly earnings results on Tuesday, February 27th. The bank reported C$1.69 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.61 by C$0.08. Bank of Nova Scotia had a net margin of 26.75% and a return on equity of 10.20%. The company had revenue of C$8.43 billion for the quarter, compared to the consensus estimate of C$8.12 billion. As a group, analysts forecast that Bank of Nova Scotia will post 6.5706967 earnings per share for the current year.

About Bank of Nova Scotia

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.