Bank of Nova Scotia (BNS) Price Target Increased to C$88.00 by Analysts at Barclays PLC
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.
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