Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$84.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price lifted by equities researchers at CIBC from C$82.00 to C$84.00 in a research report issued on Tuesday,BayStreet.CA reports. CIBC’s price objective points to a potential upside of 5.63% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Cormark dropped their price objective on Bank of Nova Scotia from C$68.00 to C$65.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 20th. Jefferies Financial Group raised their price target on shares of Bank of Nova Scotia from C$65.00 to C$69.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Barclays raised shares of Bank of Nova Scotia from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 21st. Bank of America raised shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating and increased their target price for the company from C$73.00 to C$90.00 in a research report on Tuesday, November 19th. Finally, UBS Group raised shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$76.00.

Bank of Nova Scotia Trading Up 0.5 %

Shares of Bank of Nova Scotia stock opened at C$79.52 on Tuesday. The stock’s fifty day moving average price is C$73.96 and its 200-day moving average price is C$67.92. The firm has a market cap of C$98.60 billion, a P/E ratio of 13.93, a P/E/G ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a 12 month low of C$56.83 and a 12 month high of C$79.70.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings data on Tuesday, August 27th. The bank reported C$1.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$1.63. The company had revenue of C$8.36 billion for the quarter, compared to analyst estimates of C$8.50 billion. Bank of Nova Scotia had a net margin of 25.38% and a return on equity of 9.49%. Analysts forecast that Bank of Nova Scotia will post 7.1286267 earnings per share for the current year.

About Bank of Nova Scotia

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.