Bank of Nova Scotia Receives New Coverage from Analysts at RBC Capital (BNS)
Research analysts at RBC Capital assumed coverage on shares of Bank of Nova Scotia (NYSE:BNS) in a report released on Friday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $73.00 price target on the stock. RBC Capital’s target price suggests a potential upside of 17.78% from the stock’s previous close.
A number of other analysts have also recently weighed in on BNS. Analysts at Barclays raised their price target on shares of Bank of Nova Scotia from C$64.00 to C$66.00 in a research note to investors on Monday, December 9th. They now have an “equal weight” rating on the stock. Separately, analysts at National Bank Financial downgraded shares of Bank of Nova Scotia from an “outperform” rating to a “sector perform” rating in a research note to investors on Monday, December 9th. They now have a $68.00 price target on the stock. Finally, analysts at Scotiabank downgraded shares of Bank of Nova Scotia from an “outperform” rating to a “sector perform” rating in a research note to investors on Monday, December 9th. They now have a $68.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $67.67.
Shares of Bank of Nova Scotia (NYSE:BNS) traded down 0.63% on Friday, hitting $61.59. The stock had a trading volume of 142,095 shares. Bank of Nova Scotia has a one year low of $52.05 and a one year high of $63.50. The stock’s 50-day moving average is $61.29 and its 200-day moving average is $57.99. The company has a market cap of $74.449 billion and a P/E ratio of 11.81.
Bank of Nova Scotia (NYSE:BNS) last issued its quarterly earnings data on Friday, December 6th. The company reported $1.31 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.31. The company had revenue of $5.49 billion for the quarter. During the same quarter in the prior year, the company posted $1.21 earnings per share. The company’s quarterly revenue was up 11.2% on a year-over-year basis. On average, analysts predict that Bank of Nova Scotia will post $5.50 earnings per share for the current fiscal year.
The company also recently announced a dividend, which is scheduled for Wednesday, January 29th. Investors of record on Tuesday, January 7th will be paid a dividend of 0.5817 per share. The ex-dividend date is Friday, January 3rd.
The Bank of Nova Scotia (NYSE:BNS) is a diversified financial institution.
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