Bank of Nova Scotia (TSE:BNS) Hits New 12-Month High at $83.99

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$83.99 and last traded at C$83.81, with a volume of 206962 shares trading hands. The stock had previously closed at C$83.40.

A number of equities research analysts have issued reports on the company. Royal Bank of Canada boosted their price target on Bank of Nova Scotia from C$86.00 to C$89.00 and gave the company an “outperform” rating in a research note on Wednesday, August 25th. National Bankshares boosted their price target on Bank of Nova Scotia from C$84.00 to C$86.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 25th. Barclays restated an “equal weight” rating and set a C$83.00 price target (down from C$86.00) on shares of Bank of Nova Scotia in a research note on Wednesday, September 8th. Veritas Investment Research upgraded Bank of Nova Scotia from a “reduce” rating to a “buy” rating in a research note on Friday, November 12th. Finally, CSFB cut their price objective on Bank of Nova Scotia from C$85.00 to C$84.00 in a research note on Wednesday, August 25th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$86.94.

The firm has a market capitalization of C$101.86 billion and a PE ratio of 11.64. The company has a fifty day moving average price of C$80.32 and a 200-day moving average price of C$79.82.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings data on Tuesday, August 24th. The bank reported C$2.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.89 by C$0.12. The firm had revenue of C$7.76 billion for the quarter, compared to analysts’ expectations of C$7.74 billion. Equities research analysts anticipate that The Bank of Nova Scotia will post 8.0100001 EPS for the current year.

Bank of Nova Scotia Company Profile (TSE:BNS)

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Banking and Markets, and Global Wealth Management segments.

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