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

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective lifted by equities research analysts at BMO Capital Markets from C$72.00 to C$84.00 in a research note issued to investors on Monday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 8.30% from the company’s current price.

A number of other equities analysts also recently commented on the stock. Cibc World Mkts upgraded shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 20th. Jefferies Financial Group upped their price objective on shares of Bank of Nova Scotia from C$65.00 to C$69.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. TD Securities upped their price objective on shares of Bank of Nova Scotia from C$80.00 to C$82.00 in a research note on Friday. CIBC upgraded shares of Bank of Nova Scotia from a “neutral” rating to an “outperform” rating and upped their price objective for the company from C$78.00 to C$82.00 in a research note on Friday, September 20th. Finally, Royal Bank of Canada upped their price objective on shares of Bank of Nova Scotia from C$62.00 to C$65.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 28th. Ten investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$70.17.

Bank of Nova Scotia Trading Up 2.1 %

Shares of BNS stock traded up C$1.62 on Monday, reaching C$77.56. 2,158,184 shares of the stock were exchanged, compared to its average volume of 4,257,092. The business’s 50 day moving average price is C$72.54 and its 200 day moving average price is C$67.12. The company has a market capitalization of C$96.17 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a twelve month low of C$56.83 and a twelve month high of C$77.58.

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

Bank of Nova Scotia Company Profile

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.