Raymond James Financial Boosts Bank of Nova Scotia (TSE:BNS) Price Target to C$114.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target upped by stock analysts at Raymond James Financial from C$109.00 to C$114.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the bank’s stock. Raymond James Financial’s price target would indicate a potential upside of 9.57% from the stock’s previous close.

Several other analysts also recently commented on the stock. Barclays upped their price target on shares of Bank of Nova Scotia from C$95.00 to C$97.00 in a research report on Wednesday, December 3rd. Canadian Imperial Bank of Commerce increased their price objective on shares of Bank of Nova Scotia from C$103.00 to C$108.00 and gave the stock a “neutral” rating in a report on Friday. TD Securities raised their price objective on Bank of Nova Scotia from C$104.00 to C$112.00 in a report on Monday, February 9th. Jefferies Financial Group increased their price objective on shares of Bank of Nova Scotia from C$97.00 to C$104.00 in a research report on Wednesday, February 11th. Finally, BMO Capital Markets raised their price objective on Bank of Nova Scotia from C$93.00 to C$98.00 in a research note on Wednesday, December 17th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$100.42.

Bank of Nova Scotia Price Performance

Shares of TSE BNS traded up C$0.88 during midday trading on Tuesday, hitting C$104.04. 870,025 shares of the company’s stock were exchanged, compared to its average volume of 4,498,741. The company has a market cap of C$128.63 billion, a PE ratio of 18.35, a P/E/G ratio of 1.33 and a beta of 1.33. Bank of Nova Scotia has a twelve month low of C$62.57 and a twelve month high of C$106.31. The firm’s fifty day simple moving average is C$101.76 and its 200-day simple moving average is C$93.34.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its earnings results on Tuesday, December 2nd. The bank reported C$1.93 EPS for the quarter. The firm had revenue of C$9.77 billion for the quarter. Bank of Nova Scotia had a net margin of 17.68% and a return on equity of 9.64%. Equities analysts anticipate that Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

Insider Buying and Selling at Bank of Nova Scotia

In related news, insider Julie Walsh sold 3,716 shares of the stock in a transaction 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 completion of the transaction, the insider owned 1,430 shares in the company, valued at C$143,886.60. This trade represents a 72.21% decrease in their position. 0.03% of the stock is currently owned by corporate insiders.

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.