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 Canaccord Genuity Group from C$106.00 to C$112.00 in a research note published on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the bank’s stock.

BNS has been the topic of a number of other research reports. Canadian Imperial Bank of Commerce upped their price objective on Bank of Nova Scotia from C$100.00 to C$103.00 and gave the stock a “neutral” rating in a report on Thursday, December 11th. Desjardins upped their price target on shares of Bank of Nova Scotia from C$104.00 to C$106.00 and gave the stock a “hold” rating in a research note on Monday, February 9th. Jefferies Financial Group increased their price target on shares of Bank of Nova Scotia from C$97.00 to C$104.00 in a report on Wednesday. Barclays boosted their price objective on shares of Bank of Nova Scotia from C$95.00 to C$97.00 in a report on Wednesday, December 3rd. Finally, 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. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Bank of Nova Scotia has a consensus rating of “Hold” and a consensus price target of C$98.17.

Bank of Nova Scotia Stock Down 0.1%

Shares of TSE:BNS opened at C$103.16 on Thursday. 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 firm’s 50-day simple moving average is C$101.69 and its 200-day simple moving average is C$93.05. The company has a market cap of C$127.54 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 1.33 and a beta of 1.33.

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

Insider Buying and Selling at Bank of Nova Scotia

In other news, insider Julie Walsh sold 3,716 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were 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 of the company’s stock, 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 company 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.