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.

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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.

Analyst Recommendations for Bank of Nova Scotia (TSE:BNS)

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