Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$104.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price boosted by Jefferies Financial Group from C$97.00 to C$104.00 in a report released on Wednesday,BayStreet.CA reports.

A number of other equities analysts have also recently commented on BNS. Desjardins raised their target price on Bank of Nova Scotia from C$104.00 to C$106.00 and gave the company a “hold” rating in a report on Monday, February 9th. Canadian Imperial Bank of Commerce increased their price target on shares of Bank of Nova Scotia from C$100.00 to C$103.00 and gave the stock a “neutral” rating in a research report on Thursday, December 11th. Canaccord Genuity Group raised their price objective on shares of Bank of Nova Scotia from C$98.00 to C$100.00 in a research note on Wednesday, December 3rd. TD Securities lifted their price objective on shares of Bank of Nova Scotia from C$104.00 to C$112.00 in a report on Monday, February 9th. Finally, Barclays upped their target price on shares of Bank of Nova Scotia from C$95.00 to C$97.00 in a research note on Wednesday, December 3rd. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$98.17.

Bank of Nova Scotia Stock Performance

Bank of Nova Scotia stock opened at C$103.16 on Wednesday. The company has a market capitalization of C$127.54 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 1.33 and a beta of 1.33. Bank of Nova Scotia has a fifty-two week low of C$62.57 and a fifty-two week high of C$106.31. The firm has a 50 day moving average price of C$101.69 and a 200 day moving average price of C$92.94.

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

Insider Activity at Bank of Nova Scotia

In related news, insider Julie Walsh sold 3,716 shares of the company’s 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 sale, the insider directly owned 1,430 shares in the company, valued at approximately C$143,886.60. This represents a 72.21% decrease in their ownership of the stock. Corporate insiders own 0.03% of the company’s stock.

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