Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price lifted by equities researchers at Barclays PLC from C$86.00 to C$88.00 in a note issued to investors on Friday. Barclays PLC’s price objective indicates a potential upside of 14.81% from the company’s current price.

Several other equities research analysts have also recently issued reports on BNS. Royal Bank Of Canada reiterated an “outperform” rating and set a C$86.00 price objective on shares of Bank of Nova Scotia in a research report on Tuesday, April 18th. Scotiabank lifted their price objective on shares of Bank of Nova Scotia from C$86.00 to C$89.00 and gave the company an “outperform” rating in a research report on Wednesday, May 31st. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Bank of Nova Scotia presently has an average rating of “Buy” and an average price target of C$84.17.

Bank of Nova Scotia (BNS) traded down 0.56% during trading on Friday, reaching $76.65. 1,742,900 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $78.20 and its 200-day moving average is $77.95. Bank of Nova Scotia has a 12-month low of $65.97 and a 12-month high of $82.30. The company has a market cap of $92.12 billion and a P/E ratio of 12.19.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings data on Tuesday, May 30th. The bank reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.07. The firm had revenue of $6.58 billion for the quarter, compared to analysts’ expectations of $6.61 billion. Bank of Nova Scotia had a net margin of 31.32% and a return on equity of 14.58%. Analysts predict that Bank of Nova Scotia will post $6.46 EPS for the current fiscal year.

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In other Bank of Nova Scotia news, Director Brian J. Porter bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was purchased at an average cost of C$77.74 per share, with a total value of C$77,740.00.

About Bank of Nova Scotia

The Bank of Nova Scotia provides various financial services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. It offers financial advice, solutions, and day-to-day banking products, including debit cards, checking and saving accounts, credit cards, investments, mortgages, loans, and related creditor insurance products to individuals and small businesses; and commercial banking solutions comprising lending, deposit, cash management, and trade finance solutions to medium and large businesses comprising automotive dealers and their customers.

Analyst Recommendations for Bank of Nova Scotia (TSE:BNS)

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