Bank of Nova Scotia (TSE:BNS) Stock Price Expected to Rise, Barclays Analyst Says

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target hoisted by analysts at Barclays from C$95.00 to C$97.00 in a research note issued on Wednesday,BayStreet.CA reports. Barclays‘s target price points to a potential downside of 1.35% from the stock’s previous close.

BNS has been the topic of a number of other research reports. Bank of America increased their price target on Bank of Nova Scotia from C$78.00 to C$88.00 in a research note on Wednesday, August 27th. National Bankshares set a C$81.00 price objective on Bank of Nova Scotia and gave the company a “sector perform” rating in a report on Monday, September 22nd. Desjardins raised their target price on Bank of Nova Scotia from C$79.00 to C$85.00 and gave the stock a “hold” rating in a report on Wednesday, August 27th. Canaccord Genuity Group upped their price target on Bank of Nova Scotia from C$87.00 to C$90.00 and gave the company a “buy” rating in a research note on Wednesday, August 27th. Finally, Raymond James Financial set a C$108.00 price target on shares of Bank of Nova Scotia and gave the company an “outperform” rating in a research report on Tuesday, November 25th. Four equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bank of Nova Scotia has a consensus rating of “Hold” and an average price target of C$91.77.

Bank of Nova Scotia Trading Up 0.3%

Shares of TSE BNS opened at C$98.33 on Wednesday. Bank of Nova Scotia has a 1-year low of C$62.57 and a 1-year high of C$99.37. The company has a 50-day moving average of C$92.50 and a two-hundred day moving average of C$83.29. The company has a market cap of C$122.17 billion, a PE ratio of 18.80, a P/E/G ratio of 1.33 and a beta of 1.33.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings results on Tuesday, December 2nd. The bank reported C$1.93 earnings per share for the quarter. The business had revenue of C$9.77 billion during the quarter. Bank of Nova Scotia had a net margin of 17.68% and a return on equity of 9.64%. As a group, equities research analysts forecast that Bank of Nova Scotia will post 7.1286267 earnings per share for the current year.

Bank of Nova Scotia Company Profile

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It 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.