TD Securities Boosts Bank of Nova Scotia (TSE:BNS) Price Target to C$112.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price upped by equities researchers at TD Securities from C$104.00 to C$112.00 in a report released on Monday,BayStreet.CA reports. TD Securities’ price target points to a potential upside of 6.20% from the company’s current price.

Other analysts also recently issued reports about the company. BMO Capital Markets raised their price target on Bank of Nova Scotia from C$93.00 to C$98.00 in a research report on Wednesday, December 17th. Canadian Imperial Bank of Commerce raised their target price on shares of Bank of Nova Scotia from C$100.00 to C$103.00 and gave the stock a “neutral” rating in a report on Thursday, December 11th. Jefferies Financial Group lifted their price target on shares of Bank of Nova Scotia from C$86.00 to C$96.00 in a research note on Tuesday, November 25th. Desjardins increased their price objective on shares of Bank of Nova Scotia from C$104.00 to C$106.00 and gave the stock a “hold” rating in a research report on Monday. Finally, Barclays boosted their target price on Bank of Nova Scotia from C$95.00 to C$97.00 in a research report on Wednesday, December 3rd. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Bank of Nova Scotia has an average rating of “Hold” and a consensus price target of C$96.08.

Bank of Nova Scotia Trading Up 0.2%

BNS opened at C$105.46 on Monday. The stock has a 50-day moving average of C$101.37 and a 200 day moving average of C$92.60. Bank of Nova Scotia has a 12 month low of C$62.57 and a 12 month high of C$105.84. The firm has a market cap of C$130.38 billion, a P/E ratio of 18.60, 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 data on Tuesday, December 2nd. The bank reported C$1.93 earnings per share (EPS) for the quarter. The business 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%. On average, research analysts forecast that Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

Insider Activity at Bank of Nova Scotia

In other news, insider Julie Walsh sold 3,716 shares of Bank of Nova Scotia stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of C$100.62, for a total transaction of C$373,903.92. Following the completion of the sale, the insider owned 1,430 shares of the company’s stock, valued at approximately C$143,886.60. The trade was a 72.21% decrease in their ownership of the stock. Company insiders own 0.03% of the company’s stock.

About Bank of Nova Scotia

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. The bank’s international operations span numerous countries and are more concentrated in Central and South America.