Bank of Nova Scotia (BNS) Given New C$86.00 Price Target at CSFB

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target upped by CSFB from C$84.00 to C$86.00 in a research note issued on Friday. CSFB’s price objective indicates a potential upside of 4.89% from the company’s previous close.

BNS has been the subject of a number of other reports. BMO Capital Markets reiterated an “outperform” rating and set a C$85.00 target price on shares of Bank of Nova Scotia in a research report on Wednesday, November 29th. National Bank Financial increased their target price on Bank of Nova Scotia from C$86.00 to C$88.00 and gave the company an “outperform” rating in a research report on Wednesday, November 29th. CIBC increased their target price on Bank of Nova Scotia from C$87.00 to C$93.00 in a research report on Monday, November 13th. Canaccord Genuity increased their target price on Bank of Nova Scotia from C$88.00 to C$92.00 in a research report on Wednesday, November 1st. Finally, Scotiabank lowered their target price on Bank of Nova Scotia from C$95.00 to C$94.00 and set an “outperform” rating for the company in a research report on Wednesday, November 29th. Eight investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of C$89.17.

Shares of Bank of Nova Scotia (TSE BNS) traded up C$0.34 on Friday, reaching C$81.99. 2,837,505 shares of the company’s stock were exchanged, compared to its average volume of 1,741,267. Bank of Nova Scotia has a twelve month low of C$73.31 and a twelve month high of C$85.50. The stock has a market cap of $98,360.00, a price-to-earnings ratio of 12.63 and a beta of 0.88.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings data on Tuesday, November 28th. The bank reported C$1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.68 by C($0.03). Bank of Nova Scotia had a net margin of 30.39% and a return on equity of 14.64%. The company had revenue of C$6.81 billion for the quarter, compared to analysts’ expectations of C$7.05 billion. During the same period last year, the business earned $1.58 earnings per share.

In related news, insider Barbara Frances Mason sold 20,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of C$82.60, for a total value of C$1,652,000.00.

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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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