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

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price raised by equities researchers at CIBC from C$100.00 to C$103.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “neutral” rating on the bank’s stock. CIBC’s target price points to a potential upside of 2.83% from the company’s current price.

BNS has been the topic of a number of other research reports. Jefferies Financial Group increased their price objective on shares of Bank of Nova Scotia from C$86.00 to C$96.00 in a research report on Tuesday, November 25th. Barclays upped their price target on Bank of Nova Scotia from C$95.00 to C$97.00 in a research note on Wednesday, December 3rd. Raymond James Financial set a C$108.00 price objective on Bank of Nova Scotia and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Bank of America boosted their price objective on Bank of Nova Scotia from C$78.00 to C$88.00 in a report on Wednesday, August 27th. Finally, TD Securities upped their target price on Bank of Nova Scotia from C$93.00 to C$99.00 in a research report on Monday, November 10th. Four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$92.00.

Bank of Nova Scotia Trading Down 0.2%

Shares of BNS opened at C$100.17 on Thursday. The firm’s fifty day simple moving average is C$93.65 and its two-hundred day simple moving average is C$84.46. Bank of Nova Scotia has a 12 month low of C$62.57 and a 12 month high of C$100.94. The stock has a market capitalization of C$124.77 billion, a P/E ratio of 17.67, a price-to-earnings-growth ratio of 1.33 and a beta of 1.35.

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