Brokerages Set The Bank of Nova Scotia (TSE:BNS) Price Target at C$98.17

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have been assigned a consensus rating of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$98.17.

Several research analysts have weighed in on the stock. Barclays increased their target price on shares of Bank of Nova Scotia from C$95.00 to C$97.00 in a research note on Wednesday, December 3rd. Jefferies Financial Group upped their price objective on shares of Bank of Nova Scotia from C$97.00 to C$104.00 in a report on Wednesday, February 11th. TD Securities increased their price objective on shares of Bank of Nova Scotia from C$104.00 to C$112.00 in a research report on Monday, February 9th. BMO Capital Markets lifted their target price on shares of Bank of Nova Scotia from C$93.00 to C$98.00 in a report on Wednesday, December 17th. Finally, Canadian Imperial Bank of Commerce upped their price target on Bank of Nova Scotia from C$103.00 to C$108.00 and gave the stock a “neutral” rating in a research note on Friday.

Bank of Nova Scotia Stock Down 0.1%

TSE:BNS opened at C$103.16 on Friday. Bank of Nova Scotia has a 52 week low of C$62.57 and a 52 week high of C$106.31. The stock’s fifty day moving average is C$101.76 and its two-hundred day moving average is C$93.34. The company has a market capitalization of C$127.54 billion, a P/E ratio of 18.19, a P/E/G 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. The business had revenue of C$9.77 billion during the quarter. Bank of Nova Scotia had a return on equity of 9.64% and a net margin of 17.68%. Sell-side analysts anticipate that Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Julie Walsh sold 3,716 shares of the 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 transaction, the insider owned 1,430 shares of the company’s stock, valued at approximately C$143,886.60. This represents a 72.21% decrease in their position. Corporate 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.