Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$102.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target increased by National Bank Financial from C$100.00 to C$102.00 in a report published on Tuesday,BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the bank’s stock.

Several other equities analysts have also recently commented on the stock. Raymond James Financial raised their target price on shares of Bank of Nova Scotia from C$109.00 to C$114.00 and gave the company an “outperform” rating in a research note on Tuesday. BMO Capital Markets boosted their target price on Bank of Nova Scotia from C$93.00 to C$98.00 in a report on Wednesday, December 17th. Canadian Imperial Bank of Commerce upped their target price on Bank of Nova Scotia from C$103.00 to C$108.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. Barclays lifted their price target on Bank of Nova Scotia from C$95.00 to C$97.00 in a research report on Wednesday, December 3rd. Finally, TD Securities upped their price objective on Bank of Nova Scotia from C$104.00 to C$112.00 in a report on Monday, February 9th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$101.17.

Bank of Nova Scotia Trading Up 0.3%

Shares of TSE BNS opened at C$104.34 on Tuesday. Bank of Nova Scotia has a 12-month low of C$62.57 and a 12-month high of C$106.31. The company has a market cap of C$129.00 billion, a PE ratio of 18.40, a P/E/G ratio of 1.33 and a beta of 1.33. The stock has a 50 day simple moving average of C$102.00 and a 200-day simple moving average of C$93.68.

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 return on equity of 9.64% and a net margin of 17.68%. Sell-side analysts forecast that Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

Insider Activity at Bank of Nova Scotia

In other Bank of Nova Scotia news, insider Julie Walsh sold 3,716 shares of the business’s stock in a transaction dated 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 directly owned 1,430 shares of the company’s stock, valued at approximately C$143,886.60. The trade was a 72.21% decrease in their ownership of the stock. 0.03% of the stock is currently owned by corporate insiders.

Bank of Nova Scotia Company Profile

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.