The Bank of Nova Scotia (TSE:BNS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have earned an average recommendation of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$94.83.

A number of equities research analysts have recently issued reports on the company. Raymond James Financial set a C$108.00 target price on Bank of Nova Scotia and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Barclays increased their price objective on shares of Bank of Nova Scotia from C$95.00 to C$97.00 in a research report on Wednesday, December 3rd. CIBC boosted their target price on shares of Bank of Nova Scotia from C$100.00 to C$103.00 and gave the stock a “neutral” rating in a research report on Thursday, December 11th. Canaccord Genuity Group raised their price target on shares of Bank of Nova Scotia from C$98.00 to C$100.00 in a report on Wednesday, December 3rd. Finally, TD Securities boosted their price objective on shares of Bank of Nova Scotia from C$93.00 to C$99.00 in a report on Monday, November 10th.

Bank of Nova Scotia Stock Up 0.4%

Bank of Nova Scotia stock opened at C$103.00 on Tuesday. The firm has a market capitalization of C$127.34 billion, a P/E ratio of 18.17, a PEG ratio of 1.33 and a beta of 1.37. The firm has a fifty day moving average of C$99.68 and a 200-day moving average of C$90.49. Bank of Nova Scotia has a 52-week low of C$62.57 and a 52-week high of C$103.34.

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

Insider Activity at Bank of Nova Scotia

In related news, insider Julie Walsh sold 3,716 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of C$100.62, for a total value of C$373,903.92. Following the completion of the transaction, the insider 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. Company insiders own 0.03% of the company’s stock.

About Bank of Nova Scotia

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.