BMO Capital Markets Reiterates C$86.00 Price Target for Bank of Nova Scotia (BNS)

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) received a C$86.00 price objective from investment analysts at BMO Capital Markets in a report released on Friday. The brokerage presently has an “outperform” rating on the bank’s stock. BMO Capital Markets’ price objective suggests a potential upside of 7.23% from the company’s previous close.

BNS has been the subject of several other research reports. CSFB upped their target price on shares of Bank of Nova Scotia from C$84.00 to C$86.00 in a research report on Friday, January 19th. Citigroup upped their target price on shares of Bank of Nova Scotia from C$90.00 to C$93.00 in a research report on Friday, November 17th. Canaccord Genuity upped their target price on shares of Bank of Nova Scotia from C$88.00 to C$92.00 in a research report on Wednesday, November 1st. National Bank Financial upped their price target on shares of Bank of Nova Scotia from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 29th. Finally, Royal Bank of Canada upped their price target on shares of Bank of Nova Scotia from C$87.00 to C$91.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 29th. Eight equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of C$89.17.

Bank of Nova Scotia (TSE:BNS) traded down C$0.55 during midday trading on Friday, reaching C$80.20. 1,394,730 shares of the company’s stock traded hands, compared to its average volume of 1,912,758. Bank of Nova Scotia has a 1 year low of C$73.31 and a 1 year high of C$85.50. The company has a market cap of $96,870.00, a PE ratio of 12.34 and a beta of 0.86.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its earnings results on Tuesday, November 28th. The bank reported C$1.65 EPS for the quarter, missing the consensus estimate of C$1.68 by C($0.03). Bank of Nova Scotia had a return on equity of 14.64% and a net margin of 30.39%. The firm had revenue of C$6.81 billion during the quarter, compared to the consensus estimate of C$7.05 billion. During the same quarter last year, the company posted $1.58 EPS.

In other Bank of Nova Scotia news, insider Barbara Frances Mason sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of C$82.60, for a total value of C$1,652,000.00.

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About Bank of Nova Scotia

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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