The Bank of Nova Scotia Stock Rating Reaffirmed by Barclays (BNS)
The Bank of Nova Scotia (NYSE:BNS)‘s stock had its “equal weight” rating reiterated by investment analysts at Barclays in a note issued to investors on Tuesday. They currently have a $74.00 price target on the stock, up from their previous price target of $72.00. Barclays’ target price points to a potential upside of 11.03% from the company’s current price.
BNS has been the subject of a number of other recent research reports. Analysts at CIBC upgraded shares of The Bank of Nova Scotia from a “sector perform” rating to an “outperform” rating in a research note on Friday, May 30th. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of The Bank of Nova Scotia in a research note on Wednesday, May 28th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The Bank of Nova Scotia presently has a consensus rating of “Buy” and a consensus target price of $68.50.
Shares of The Bank of Nova Scotia (NYSE:BNS) traded up 0.21% on Tuesday, hitting $66.79. The stock had a trading volume of 18,132 shares. The Bank of Nova Scotia has a 52-week low of $53.94 and a 52-week high of $68.71. The stock has a 50-day moving average of $67.30 and a 200-day moving average of $61.93. The company has a market cap of $81.262 billion and a price-to-earnings ratio of 13.46.
The Bank of Nova Scotia (NYSE:BNS) last announced its earnings results on Tuesday, May 27th. The company reported $1.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.33 by $0.07. The company had revenue of $5.81 billion for the quarter. During the same quarter in the prior year, the company posted $1.24 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. On average, analysts predict that The Bank of Nova Scotia will post $5.57 earnings per share for the current fiscal year.
The Bank of Nova Scotia (NYSE:BNS) is a diversified financial institution.
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