Bank of Nova Scotia Price Target Cut to C$73.00 by Analysts at TD Securities (BNS)
Equities research analysts at TD Securities lowered their price objective on shares of Bank of Nova Scotia (NYSE:BNS) from C$76.00 to C$73.00 in a research note issued to investors on Tuesday, American Banking and Market News reports. The firm currently has an “action list buy” rating on the stock.
A number of other firms have also recently commented on BNS. Analysts at RBC Capital initiated coverage on shares of Bank of Nova Scotia in a research note to investors on Friday, January 3rd. They set an “outperform” rating and a $73.00 price target on the stock. Finally, 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. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $67.89.
Bank of Nova Scotia (NYSE:BNS) last released its 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.
The Bank of Nova Scotia (NYSE:BNS) is a diversified financial institution.
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