Scotiabank Trims Bank of Nova Scotia (BNS) Target Price to C$88.00
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective reduced by equities researchers at Scotiabank from C$89.00 to C$88.00 in a research report issued to clients and investors on Wednesday. The firm currently has an “outperform” rating on the bank’s stock. Scotiabank’s target price would suggest a potential upside of 13.80% from the company’s current price.
Several other brokerages have also recently weighed in on BNS. National Bank Financial lifted their price objective on shares of Bank of Nova Scotia from C$85.00 to C$86.00 and gave the stock an “outperform” rating in a research note on Wednesday. CIBC lifted their price objective on shares of Bank of Nova Scotia from C$85.00 to C$87.00 in a research note on Wednesday. BMO Capital Markets lifted their price objective on shares of Bank of Nova Scotia from C$83.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Wednesday. Barclays PLC lifted their price objective on shares of Bank of Nova Scotia from C$86.00 to C$88.00 in a research note on Friday, August 11th. Finally, Royal Bank Of Canada lifted their price objective on shares of Bank of Nova Scotia from C$86.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 31st. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$85.08.
Bank of Nova Scotia (TSE BNS) traded up 1.06% during trading on Wednesday, reaching $78.15. The company had a trading volume of 779,435 shares. The firm has a 50-day moving average price of $77.82 and a 200 day moving average price of $77.89. The stock has a market cap of $93.93 billion and a P/E ratio of 12.43. Bank of Nova Scotia has a 12-month low of $68.27 and a 12-month high of $82.30.
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its earnings results on Tuesday, May 30th. The bank reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.07. The company had revenue of $6.58 billion during the quarter, compared to analysts’ expectations of $6.61 billion. Bank of Nova Scotia had a net margin of 31.32% and a return on equity of 14.58%. Equities research analysts predict that Bank of Nova Scotia will post $6.52 EPS for the current fiscal year.
In other news, Director Brian J. Porter bought 1,000 shares of the company’s stock in a transaction dated Thursday, June 8th. The stock was bought at an average cost of C$77.74 per share, for a total transaction of C$77,740.00.
About Bank of Nova Scotia
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.
Receive News & Ratings for Bank of Nova Scotia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Nova Scotia and related companies with Analyst Ratings Network's FREE daily email newsletter.