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

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective hoisted by stock analysts at Raymond James Financial from C$109.00 to C$114.00 in a report released on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the bank’s stock. Raymond James Financial’s price objective indicates a potential upside of 9.58% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Canaccord Genuity Group boosted their target price on shares of Bank of Nova Scotia from C$106.00 to C$112.00 and gave the company a “buy” rating in a report on Thursday, February 12th. TD Securities lifted their price target on shares of Bank of Nova Scotia from C$104.00 to C$112.00 in a report on Monday, February 9th. 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 note on Wednesday, December 17th. Jefferies Financial Group increased their target price on Bank of Nova Scotia from C$97.00 to C$104.00 in a research report on Wednesday, February 11th. Finally, Barclays boosted their price target on Bank of Nova Scotia from C$95.00 to C$97.00 in a research report on Wednesday, December 3rd. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$100.42.

Bank of Nova Scotia Stock Performance

Bank of Nova Scotia stock opened at C$104.03 on Tuesday. The stock has a fifty day moving average price of C$101.92 and a 200 day moving average price of C$93.61. Bank of Nova Scotia has a 52 week low of C$62.57 and a 52 week high of C$106.31. The firm has a market capitalization of C$128.61 billion, a P/E ratio of 18.35, a PEG ratio of 1.33 and a beta of 1.33.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted 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 company had revenue of C$9.77 billion during the quarter. As a group, equities analysts predict that Bank of Nova Scotia will post 7.1286267 EPS for the current year.

Insider Activity at Bank of Nova Scotia

In other Bank of Nova Scotia news, insider Julie Walsh sold 3,716 shares of the company’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 value of C$373,903.92. Following the completion of the transaction, the insider owned 1,430 shares in the company, valued at C$143,886.60. This represents a 72.21% decrease in their position. 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.