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.
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