Bank of Nova Scotia (TSE:BNS) Rating Increased to Hold at Barclays

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS was upgraded by investment analysts at Barclays from a "strong sell" rating to a "hold" rating in a research note issued on Thursday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the company. Jefferies Financial Group lifted their target price 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. CIBC upgraded Bank of Nova Scotia from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from C$78.00 to C$82.00 in a research note on Friday, September 20th. Cormark lowered their target price on Bank of Nova Scotia from C$68.00 to C$65.00 and set a "market perform" rating on the stock in a research note on Tuesday, August 20th. BMO Capital Markets lifted their target price on Bank of Nova Scotia from C$72.00 to C$84.00 in a research note on Monday. Finally, National Bankshares boosted their price objective on Bank of Nova Scotia from C$66.00 to C$78.00 in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$74.75.

Bank of Nova Scotia Trading Up 0.5 %

Bank of Nova Scotia stock traded up C$0.36 during trading hours on Thursday, reaching C$78.86. 984,597 shares of the stock were exchanged, compared to its average volume of 4,243,957. The company has a market cap of C$97.79 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a twelve month low of C$56.83 and a twelve month high of C$79.16. The stock has a 50 day moving average of C$73.29 and a two-hundred day moving average of C$67.50.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last released its quarterly earnings results on Tuesday, August 27th. The bank reported C$1.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$1.63. The firm had revenue of C$8.36 billion during the quarter, compared to analyst estimates of C$8.50 billion. Bank of Nova Scotia had a net margin of 25.38% and a return on equity of 9.49%. On average, analysts expect that Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

Bank of Nova Scotia Company Profile

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.