Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$98.00 at BMO Capital Markets

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target hoisted by research analysts at BMO Capital Markets from C$93.00 to C$98.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential downside of 0.58% from the company’s previous close.

A number of other equities research analysts have also weighed in on BNS. National Bankshares set a C$81.00 target price on Bank of Nova Scotia and gave the company a “sector perform” rating in a research report on Monday, September 22nd. Bank of America increased their price target on Bank of Nova Scotia from C$78.00 to C$88.00 in a research report on Wednesday, August 27th. Desjardins lifted their price objective on Bank of Nova Scotia from C$79.00 to C$85.00 and gave the company a “hold” rating in a report on Wednesday, August 27th. Canaccord Genuity Group upped their target price on Bank of Nova Scotia from C$98.00 to C$100.00 in a report on Wednesday, December 3rd. Finally, Barclays lifted their price target on Bank of Nova Scotia from C$95.00 to C$97.00 in a report on Wednesday, December 3rd. Four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Bank of Nova Scotia presently has a consensus rating of “Hold” and an average price target of C$92.38.

Bank of Nova Scotia Price Performance

BNS stock traded down C$1.65 during mid-day trading on Wednesday, reaching C$98.57. The company had a trading volume of 1,914,347 shares, compared to its average volume of 4,717,013. The company has a market capitalization of C$122.78 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 1.33 and a beta of 1.35. The firm has a 50 day moving average of C$94.05 and a 200 day moving average of C$85.01. Bank of Nova Scotia has a 12 month low of C$62.57 and a 12 month high of C$100.94.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its quarterly earnings results on Tuesday, December 2nd. The bank reported C$1.93 earnings per share for the quarter. The firm had revenue of C$9.77 billion during the quarter. Bank of Nova Scotia had a net margin of 17.68% and a return on equity of 9.64%. Analysts anticipate that Bank of Nova Scotia will post 7.1286267 EPS for the current year.

Insiders Place Their Bets

In related news, insider Julie Walsh sold 3,716 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of C$100.62, for a total transaction of C$373,903.92. Following the transaction, the insider directly owned 1,430 shares in the company, valued at C$143,886.60. The trade was a 72.21% decrease in their position. 0.03% of the stock is currently owned by company insiders.

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.