National Bankshares Raises Bank of Nova Scotia (TSE:BNS) Price Target to C$78.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective increased by analysts at National Bankshares from C$66.00 to C$78.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. National Bankshares’ price target suggests a potential downside of 0.43% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Cormark dropped their price target on shares of Bank of Nova Scotia from C$68.00 to C$65.00 and set a “market perform” rating for the company in a research report on Tuesday, August 20th. UBS Group raised shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research note on Monday. CIBC raised shares of Bank of Nova Scotia from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$78.00 to C$82.00 in a research note on Friday, September 20th. BMO Capital Markets raised their price target on shares of Bank of Nova Scotia from C$72.00 to C$84.00 in a research note on Monday. Finally, Canaccord Genuity Group upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating and increased their target price for the stock from C$71.00 to C$84.00 in a report on Tuesday. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Bank of Nova Scotia presently has an average rating of “Moderate Buy” and a consensus target price of C$74.75.

Bank of Nova Scotia Stock Down 0.1 %

Bank of Nova Scotia stock traded down C$0.04 during trading hours on Wednesday, hitting C$78.34. The stock had a trading volume of 1,666,093 shares, compared to its average volume of 4,254,823. The stock has a market capitalization of C$97.14 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a 12-month low of C$56.83 and a 12-month high of C$78.99. The stock’s 50-day moving average price is C$72.91 and its 200-day moving average price is C$67.29.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings data on Tuesday, August 27th. The bank reported C$1.63 earnings per share for the quarter, meeting the consensus estimate of C$1.63. Bank of Nova Scotia had a net margin of 25.38% and a return on equity of 9.49%. The firm had revenue of C$8.36 billion during the quarter, compared to analysts’ expectations of C$8.50 billion. On average, research analysts expect that Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal 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.