Bank of Nova Scotia (BNS) Price Target Increased to C$92.00 by Analysts at Royal Bank of Canada

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price boosted by research analysts at Royal Bank of Canada from C$91.00 to C$92.00 in a report released on Wednesday. Royal Bank of Canada’s target price indicates a potential upside of 18.36% from the company’s previous close.

Other analysts also recently issued reports about the company. 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 note on Wednesday, November 29th. 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 note 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 note 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 note on Wednesday, November 1st. Finally, 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 note 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$89.25.

Shares of Bank of Nova Scotia (BNS) traded up C$0.86 on Wednesday, reaching C$77.73. The company’s stock had a trading volume of 2,523,278 shares, compared to its average volume of 2,231,929. Bank of Nova Scotia has a 1-year low of C$73.31 and a 1-year high of C$85.50. The stock has a market cap of $93,250.00, a P/E ratio of 11.98 and a beta of 0.86.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued 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 net margin of 30.39% and a return on equity of 14.64%. The business had revenue of C$6.81 billion for the quarter, compared to analysts’ expectations of C$7.05 billion. During the same quarter in the prior year, the business posted $1.58 earnings per share.

In other news, insider Barbara Frances Mason sold 20,000 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of C$82.60, for a total transaction 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.

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

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