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

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has received a consensus recommendation of “Hold” from the ten analysts that are presently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$101.17.

A number of equities research analysts have recently commented on BNS shares. BMO Capital Markets lifted their price target on shares of Bank of Nova Scotia from C$93.00 to C$98.00 in a report on Wednesday, December 17th. Jefferies Financial Group lifted their target price on shares of Bank of Nova Scotia from C$97.00 to C$104.00 in a research note on Wednesday, February 11th. National Bank Financial boosted their price target on Bank of Nova Scotia from C$100.00 to C$102.00 and gave the company a “sector perform” rating in a report on Tuesday. Barclays raised their price objective on Bank of Nova Scotia from C$97.00 to C$106.00 in a report on Thursday. Finally, Canadian Imperial Bank of Commerce lifted their price objective on Bank of Nova Scotia from C$103.00 to C$108.00 and gave the company a “neutral” rating in a research report on Friday, February 13th.

Insider Buying and Selling

In other news, insider Julie Walsh sold 3,716 shares of the company’s stock in a transaction dated 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 owned 1,430 shares of the company’s stock, valued at C$143,886.60. This represents a 72.21% decrease in their position. 0.03% of the stock is owned by company insiders.

Bank of Nova Scotia Stock Up 1.4%

Shares of TSE:BNS opened at C$105.75 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 simple moving average is C$102.11 and its 200-day simple moving average is C$93.89. The company has a market capitalization of C$130.74 billion, a P/E ratio of 18.65, a P/E/G ratio of 1.33 and a beta of 1.33.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its quarterly earnings data on Tuesday, December 2nd. The bank reported C$1.93 EPS for the quarter. The firm 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%. On average, sell-side analysts anticipate that Bank of Nova Scotia will post 7.1286267 earnings per share for the current year.

About Bank of Nova Scotia

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.