Bank of Nova Scotia (TSE:BNS) Given a C$67.00 Price Target at UBS Group

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) received a C$67.00 target price from UBS Group in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm presently has a “neutral” rating on the bank’s stock. UBS Group’s target price points to a potential upside of 7.48% from the stock’s current price.

A number of other research analysts also recently issued reports on BNS. Royal Bank of Canada reduced their price target on shares of Bank of Nova Scotia from C$64.00 to C$62.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 29th. TD Securities dropped their price objective on shares of Bank of Nova Scotia from C$72.00 to C$69.00 in a report on Friday, May 10th. Jefferies Financial Group dropped their price objective on shares of Bank of Nova Scotia from C$69.00 to C$64.00 and set a “hold” rating on the stock in a report on Thursday, June 6th. BMO Capital Markets increased their price objective on shares of Bank of Nova Scotia from C$69.00 to C$74.00 in a report on Friday, April 5th. Finally, CIBC increased their price objective on shares of Bank of Nova Scotia from C$64.00 to C$68.00 and gave the stock a “neutral” rating in a report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. According to data from MarketBeat, Bank of Nova Scotia presently has a consensus rating of “Hold” and an average target price of C$66.70.

Bank of Nova Scotia Stock Performance

Shares of Bank of Nova Scotia stock traded down C$0.24 during trading hours on Tuesday, reaching C$62.34. The company’s stock had a trading volume of 1,860,343 shares, compared to its average volume of 4,014,481. The company’s 50 day simple moving average is C$64.28 and its 200 day simple moving average is C$64.62. Bank of Nova Scotia has a one year low of C$55.20 and a one year high of C$70.40. The stock has a market cap of C$76.68 billion, a P/E ratio of 10.28, a price-to-earnings-growth ratio of 1.33 and a beta of 0.98.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its quarterly earnings results on Tuesday, May 28th. The bank reported C$1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.55 by C$0.03. Bank of Nova Scotia had a net margin of 26.41% and a return on equity of 9.89%. The company had revenue of C$8.35 billion for the quarter, compared to the consensus estimate of C$8.32 billion. On average, sell-side analysts predict that Bank of Nova Scotia will post 6.4780876 earnings per share for the current fiscal 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.