Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$104.00 at Jefferies Financial Group

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price raised by stock analysts at Jefferies Financial Group from C$97.00 to C$104.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s target price indicates a potential downside of 0.75% from the stock’s current price.

BNS has been the topic of several other research reports. Canadian Imperial Bank of Commerce increased their price target on shares of Bank of Nova Scotia from C$100.00 to C$103.00 and gave the stock a “neutral” rating in a research report on Thursday, December 11th. TD Securities raised their target price on Bank of Nova Scotia from C$104.00 to C$112.00 in a report on Monday. Barclays lifted their price target 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 price objective on Bank of Nova Scotia and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Finally, BMO Capital Markets lifted their target price on Bank of Nova Scotia from C$93.00 to C$98.00 in a research report on Wednesday, December 17th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$96.75.

Bank of Nova Scotia Stock Down 0.6%

Shares of BNS traded down C$0.67 during trading hours on Wednesday, hitting C$104.79. 1,242,167 shares of the company were exchanged, compared to its average volume of 4,694,462. Bank of Nova Scotia has a fifty-two week low of C$62.57 and a fifty-two week high of C$106.31. The company has a market cap of C$129.55 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 1.33 and a beta of 1.33. The firm’s fifty day moving average is C$101.37 and its 200 day moving average is C$92.60.

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

Insider Buying and Selling

In other news, insider Julie Walsh sold 3,716 shares of Bank of Nova Scotia 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 sale, the insider directly owned 1,430 shares of the company’s stock, valued at approximately C$143,886.60. This trade represents a 72.21% decrease in their ownership of the stock. Corporate 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.