Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS had its target price increased by TD Securities from C$80.00 to C$82.00 in a report released on Friday,BayStreet.CA reports. TD Securities' price objective would indicate a potential upside of 7.98% from the company's current price.
Other equities analysts also recently issued reports about the company. BMO Capital Markets reduced their price target on Bank of Nova Scotia from C$74.00 to C$72.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 28th. CIBC upgraded Bank of Nova Scotia from a "neutral" rating to an "outperform" rating and increased their price target for the company from C$78.00 to C$82.00 in a research note on Friday, September 20th. Jefferies Financial Group boosted their price target on Bank of Nova Scotia from C$65.00 to C$69.00 and gave the stock a "hold" rating in a research note on Wednesday, August 28th. Royal Bank of Canada upped their price objective on shares of Bank of Nova Scotia from C$62.00 to C$65.00 and gave the company a "sector perform" rating in a report on Wednesday, August 28th. Finally, Cormark lowered their target price on shares of Bank of Nova Scotia from C$68.00 to C$65.00 and set a "market perform" rating for the company in a research note on Tuesday, August 20th. Ten research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of C$69.17.
View Our Latest Stock Report on BNS
Bank of Nova Scotia Stock Performance
BNS stock traded up C$0.23 during midday trading on Friday, reaching C$75.94. 3,134,200 shares of the company traded hands, compared to its average volume of 4,266,547. The firm has a market capitalization of C$94.17 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a 52-week low of C$56.83 and a 52-week high of C$76.44. The business has a 50 day moving average of C$72.54 and a 200-day moving average of C$67.09.
Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last released its earnings results on Tuesday, August 27th. The bank reported C$1.63 earnings per share for the quarter, hitting analysts' consensus estimates of C$1.63. Bank of Nova Scotia had a return on equity of 9.49% and a net margin of 25.38%. The business had revenue of C$8.36 billion for the quarter, compared to analyst estimates of C$8.50 billion. Research analysts anticipate that Bank of Nova Scotia will post 7.1286267 earnings per share for the current year.
Bank of Nova Scotia Company Profile
(
Get Free Report)
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 Wealth Management, and Global Banking and Markets segments.
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