Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$112.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target lifted by TD Securities from C$104.00 to C$112.00 in a research report released on Monday morning,BayStreet.CA reports.

Several other research firms have also recently weighed in on BNS. Barclays boosted their target price on Bank of Nova Scotia from C$95.00 to C$97.00 in a research note on Wednesday, December 3rd. Raymond James Financial set a C$108.00 target price on shares of Bank of Nova Scotia and gave the company an “outperform” rating in a report on Tuesday, November 25th. Jefferies Financial Group lifted their price target on shares of Bank of Nova Scotia from C$86.00 to C$96.00 in a research note on Tuesday, November 25th. Canaccord Genuity Group boosted their price target on shares of Bank of Nova Scotia from C$98.00 to C$100.00 in a research report on Wednesday, December 3rd. Finally, Desjardins raised their price objective on Bank of Nova Scotia from C$104.00 to C$106.00 and gave the stock a “hold” rating in a report on Monday. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$96.75.

Bank of Nova Scotia Trading Down 0.7%

Bank of Nova Scotia stock opened at C$104.76 on Monday. The company has a fifty day simple moving average of C$101.51 and a 200-day simple moving average of C$92.69. The stock has a market cap of C$129.52 billion, a P/E ratio of 18.48, a price-to-earnings-growth ratio of 1.33 and a beta of 1.33. Bank of Nova Scotia has a 12-month low of C$62.57 and a 12-month high of C$106.31.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its quarterly earnings results on Tuesday, December 2nd. The bank reported C$1.93 earnings per share for the quarter. The company had revenue of C$9.77 billion for the quarter. Bank of Nova Scotia had a return on equity of 9.64% and a net margin of 17.68%. As a group, sell-side analysts forecast that Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Bank of Nova Scotia news, insider Julie Walsh sold 3,716 shares of Bank of Nova Scotia stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of C$100.62, for a total value of C$373,903.92. Following the transaction, the insider directly owned 1,430 shares in the company, valued at approximately C$143,886.60. This trade represents a 72.21% decrease in their position. Insiders own 0.03% of the company’s stock.

About Bank of Nova Scotia

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It 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. The bank’s international operations span numerous countries and are more concentrated in Central and South America.