Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective upped by equities research analysts at Royal Bank of Canada from C$91.00 to C$92.00 in a note issued to investors on Wednesday. Royal Bank of Canada’s price target suggests a potential upside of 18.50% from the company’s previous close.

Several other research analysts also recently weighed in on BNS. Canaccord Genuity increased their price target on Bank of Nova Scotia from C$88.00 to C$92.00 in a research note on Wednesday, November 1st. CIBC increased their price target on Bank of Nova Scotia from C$87.00 to C$93.00 in a research note on Monday, November 13th. Citigroup raised their target price on Bank of Nova Scotia from C$90.00 to C$93.00 in a research note on Friday, November 17th. BMO Capital Markets restated an “outperform” rating and issued a C$85.00 target price on shares of Bank of Nova Scotia in a research note on Wednesday, November 29th. Finally, Scotiabank cut their target price on Bank of Nova Scotia from C$95.00 to C$94.00 and set an “outperform” rating for the company in a research note on Wednesday, November 29th. Eight investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of C$89.25.

Bank of Nova Scotia (TSE BNS) traded up C$0.77 during mid-day trading on Wednesday, hitting C$77.64. The stock had a trading volume of 1,063,479 shares, compared to its average volume of 2,183,530. The company has a market cap of $92,210.00, a P/E ratio of 11.96 and a beta of 0.86. Bank of Nova Scotia has a 12 month low of C$73.31 and a 12 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 for the quarter, missing the consensus estimate of C$1.68 by C($0.03). The firm had revenue of C$6.81 billion for the quarter, compared to the consensus estimate of C$7.05 billion. Bank of Nova Scotia had a return on equity of 14.64% and a net margin of 30.39%. During the same quarter in the previous year, the company posted $1.58 EPS.

In other Bank of Nova Scotia news, insider Barbara Frances Mason sold 20,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of C$82.60, for a total value 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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