BMO Capital Markets Boosts Bank of Nova Scotia (TSE:BNS) Price Target to C$93.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price lifted by research analysts at BMO Capital Markets from C$89.00 to C$93.00 in a report released on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential downside of 5.42% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Desjardins increased their target price on shares of Bank of Nova Scotia from C$79.00 to C$85.00 and gave the company a “hold” rating in a research note on Wednesday, August 27th. Royal Bank Of Canada increased their price objective on shares of Bank of Nova Scotia from C$80.00 to C$86.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 27th. Raymond James Financial set a C$108.00 price objective on shares of Bank of Nova Scotia and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. Barclays upped their target price on Bank of Nova Scotia from C$95.00 to C$97.00 in a research note on Wednesday. Finally, Bank of America raised their price target on Bank of Nova Scotia from C$78.00 to C$88.00 in a research note on Wednesday, August 27th. Four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$91.77.

Bank of Nova Scotia Price Performance

TSE:BNS opened at C$98.33 on Wednesday. The firm has a market capitalization of C$122.17 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 1.33 and a beta of 1.33. The business has a 50 day simple moving average of C$92.50 and a 200-day simple moving average of C$83.29. Bank of Nova Scotia has a 1 year low of C$62.57 and a 1 year high of C$99.37.

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