Bank of Nova Scotia (BNS) Rating Reiterated by BMO Capital Markets
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS)‘s stock had its “outperform” rating reissued by equities researchers at BMO Capital Markets in a note issued to investors on Wednesday. They currently have a C$86.00 price target on the bank’s stock. BMO Capital Markets’ target price points to a potential upside of 5.99% from the company’s previous close.
BNS has been the topic of several other reports. Citigroup boosted their price target on Bank of Nova Scotia from C$90.00 to C$93.00 in a research report on Friday, November 17th. Royal Bank Of Canada upped their target price on Bank of Nova Scotia from C$87.00 to C$91.00 and gave the company an “outperform” rating in a research report on Wednesday, November 29th. Canaccord Genuity upped their target price on Bank of Nova Scotia from C$88.00 to C$92.00 in a research report on Wednesday, November 1st. Scotiabank cut their target price on Bank of Nova Scotia from C$95.00 to C$94.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 29th. Finally, CIBC upped their price target on Bank of Nova Scotia from C$85.00 to C$87.00 in a research report on Wednesday, August 30th. Eight research analysts have rated the stock with a buy rating, Bank of Nova Scotia presently has an average rating of “Buy” and a consensus target price of C$88.46.
Shares of Bank of Nova Scotia (TSE BNS) traded down C$0.48 during trading hours on Wednesday, hitting C$81.14. The stock had a trading volume of 1,713,916 shares, compared to its average volume of 2,140,129. Bank of Nova Scotia has a 1-year low of C$73.31 and a 1-year high of C$85.50.
In other news, insider Deborah Alexander sold 7,114 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of C$76.76, for a total value of C$546,070.64. Also, insider Kyle Mcnamara sold 3,036 shares of the stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of C$80.53, for a total value of C$244,489.08. Over the last 90 days, insiders have sold 10,364 shares of company stock valued at $807,789.
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Bank of Nova Scotia Company Profile
The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
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