Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$114.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price increased by Raymond James Financial from C$109.00 to C$114.00 in a research report released on Tuesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the bank’s stock.

BNS has been the topic of several other reports. Jefferies Financial Group lifted their target price on Bank of Nova Scotia from C$97.00 to C$104.00 in a report on Wednesday, February 11th. Desjardins upped their price objective on Bank of Nova Scotia from C$104.00 to C$106.00 and gave the stock a “hold” rating in a report on Monday, February 9th. Barclays increased their target price on Bank of Nova Scotia from C$95.00 to C$97.00 in a research report on Wednesday, December 3rd. Canaccord Genuity Group upped their price target on shares of Bank of Nova Scotia from C$106.00 to C$112.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, Canadian Imperial Bank of Commerce increased their price objective on shares of Bank of Nova Scotia from C$103.00 to C$108.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Bank of Nova Scotia currently has an average rating of “Hold” and an average target price of C$101.17.

Bank of Nova Scotia Stock Performance

BNS opened at C$104.34 on Tuesday. The stock has a market cap of C$129.00 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 1.33 and a beta of 1.33. The firm’s fifty day moving average is C$102.00 and its 200 day moving average is C$93.68. Bank of Nova Scotia has a fifty-two week low of C$62.57 and a fifty-two week high of C$106.31.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued 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 business had revenue of C$9.77 billion during the quarter. On average, equities research analysts predict that Bank of Nova Scotia will post 7.1286267 earnings per share for the current year.

Insider Buying and Selling at Bank of Nova Scotia

In other news, insider Julie Walsh sold 3,716 shares of the stock in a transaction that occurred 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 owned 1,430 shares in the company, valued at C$143,886.60. This trade represents a 72.21% decrease in their position. 0.03% of the stock is currently owned by insiders.

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.