The Bank of Nova Scotia (TSE:BNS) Given Consensus Rating of “Hold” by Brokerages

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have received an average recommendation of “Hold” from the eleven brokerages that are covering the stock, Marketbeat.com reports. Ten analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$106.75.

A number of analysts recently commented on BNS shares. Canaccord Genuity Group cut shares of Bank of Nova Scotia from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$118.00 to C$110.00 in a research note on Monday. Desjardins raised their price target on shares of Bank of Nova Scotia from C$106.00 to C$107.00 and gave the stock a “hold” rating in a report on Wednesday, February 25th. National Bank Financial lowered their price objective on shares of Bank of Nova Scotia from C$102.00 to C$100.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 25th. Barclays boosted their price objective on shares of Bank of Nova Scotia from C$106.00 to C$108.00 and gave the company an “equal weight” rating in a report on Wednesday, February 25th. Finally, Royal Bank Of Canada upped their target price on Bank of Nova Scotia from C$97.00 to C$106.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 25th.

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 company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of C$100.62, for a total value of C$373,903.92. Following the sale, the insider directly owned 1,430 shares of the company’s stock, valued at approximately C$143,886.60. This represents a 72.21% decrease in their ownership of the stock. 0.03% of the stock is owned by insiders.

Bank of Nova Scotia Stock Up 1.0%

BNS opened at C$97.20 on Wednesday. Bank of Nova Scotia has a 52-week low of C$62.57 and a 52-week high of C$106.39. The company has a market cap of C$119.80 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 1.33 and a beta of 1.16. The firm’s 50-day moving average price is C$102.30 and its 200-day moving average price is C$96.09.

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.