Bank of Nova Scotia (TSE:BNS) Cut to “Hold” at TD Securities

TD Securities lowered shares of Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) from a buy rating to a hold rating in a report published on Tuesday morning, MarketBeat reports. They currently have C$111.00 target price on the bank’s stock, down from their prior target price of C$112.00.

A number of other equities analysts have also issued reports on BNS. Barclays upped their target price on shares of Bank of Nova Scotia from C$106.00 to C$108.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 25th. BMO Capital Markets upped their price objective on Bank of Nova Scotia from C$98.00 to C$101.00 and gave the stock a “market perform” rating in a report on Wednesday, February 25th. Canaccord Genuity Group lifted their target price on Bank of Nova Scotia from C$112.00 to C$118.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. National Bank Financial dropped their target price on Bank of Nova Scotia from C$102.00 to C$100.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 25th. Finally, Jefferies Financial Group upped their price target on Bank of Nova Scotia from C$97.00 to C$104.00 in a research note on Wednesday, February 11th. Two equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Bank of Nova Scotia currently has a consensus rating of “Hold” and a consensus target price of C$107.42.

Bank of Nova Scotia Trading Down 1.8%

TSE:BNS opened at C$99.71 on Tuesday. Bank of Nova Scotia has a 1 year low of C$62.57 and a 1 year high of C$106.39. The firm has a 50 day moving average of C$102.55 and a 200-day moving average of C$95.47. The stock has a market capitalization of C$123.27 billion, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 1.33 and a beta of 1.33.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings results on Tuesday, December 2nd. The bank reported C$1.93 earnings per share for the quarter. Bank of Nova Scotia had a return on equity of 10.41% and a net margin of 14.45%.The firm had revenue of C$9.77 billion during the quarter. As a group, analysts forecast that Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

Insider Transactions at Bank of Nova Scotia

In other 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 transaction of C$373,903.92. Following the completion of the transaction, the insider directly owned 1,430 shares in the company, valued at approximately C$143,886.60. The trade was a 72.21% decrease in their position. Company insiders own 0.03% of the company’s stock.

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.