Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$108.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective boosted by Canadian Imperial Bank of Commerce from C$103.00 to C$108.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a neutral rating on the bank’s stock.

Several other analysts also recently commented on the stock. Canaccord Genuity Group raised their target price on shares of Bank of Nova Scotia from C$106.00 to C$112.00 and gave the stock a “buy” rating in a report on Thursday. 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 report on Tuesday, November 25th. BMO Capital Markets boosted their price objective on shares of Bank of Nova Scotia from C$93.00 to C$98.00 in a research report on Wednesday, December 17th. Barclays increased their target price on Bank of Nova Scotia from C$95.00 to C$97.00 in a report on Wednesday, December 3rd. Finally, Jefferies Financial Group lifted their price target on Bank of Nova Scotia from C$97.00 to C$104.00 in a research note on Wednesday, February 11th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of C$98.17.

Bank of Nova Scotia Trading Down 0.1%

BNS stock opened at C$103.16 on Friday. Bank of Nova Scotia has a 1-year low of C$62.57 and a 1-year high of C$106.31. The firm has a market cap of C$127.54 billion, a PE ratio of 18.19, a P/E/G ratio of 1.33 and a beta of 1.33. The business’s 50-day moving average price is C$101.69 and its two-hundred day moving average price is C$93.16.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings results 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 during the quarter. On average, analysts forecast that Bank of Nova Scotia will post 7.1286267 earnings per share for the current year.

Insider Buying and Selling at Bank of Nova Scotia

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

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.