Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$86.00 at CSFB

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target lifted by investment analysts at CSFB from C$84.00 to C$86.00 in a research report issued on Friday, January 19th. CSFB’s target price would suggest a potential upside of 10.64% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Citigroup upped their price objective on shares of Bank of Nova Scotia from C$90.00 to C$93.00 in a report on Friday, November 17th. CIBC upped their price objective on shares of Bank of Nova Scotia from C$87.00 to C$93.00 in a report on Monday, November 13th. Canaccord Genuity upped their price objective on shares of Bank of Nova Scotia from C$88.00 to C$92.00 in a report on Wednesday, November 1st. BMO Capital Markets reiterated an “outperform” rating and issued a C$86.00 price objective on shares of Bank of Nova Scotia in a report on Wednesday, December 6th. Finally, Royal Bank of Canada upped their price objective on shares of Bank of Nova Scotia from C$87.00 to C$91.00 and gave the company an “outperform” rating in a report on Wednesday, November 29th. Eight analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of C$89.25.

Shares of Bank of Nova Scotia (TSE:BNS) traded up C$0.86 during mid-day trading on Friday, hitting C$77.73. 2,520,000 shares of the stock were exchanged, compared to its average volume of 2,240,000. The company has a market capitalization of $93,250.00, a price-to-earnings ratio of 11.98 and a beta of 0.86. Bank of Nova Scotia has a twelve month low of C$73.31 and a twelve month high of C$85.50.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its quarterly earnings results on Tuesday, November 28th. The bank reported C$1.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.68 by C($0.03). Bank of Nova Scotia had a return on equity of 14.64% and a net margin of 30.39%. The firm had revenue of C$6.81 billion for the quarter, compared to the consensus estimate of C$7.05 billion. During the same period last year, the company posted $1.58 earnings per share.

In related news, insider Barbara Frances Mason sold 20,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of C$82.60, for a total transaction of C$1,652,000.00.

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Bank of Nova Scotia Company Profile

The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank 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.

Analyst Recommendations for Bank of Nova Scotia (TSE:BNS)

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