Bank of Nova Scotia (TSE:BNS) Stock Price Expected to Rise, Barclays Analyst Says

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price boosted by equities research analysts at Barclays from C$97.00 to C$106.00 in a research note issued on Thursday,BayStreet.CA reports. Barclays‘s price target suggests a potential upside of 1.83% from the stock’s current price.

BNS has been the topic of a number of other research reports. TD Securities increased their price target on Bank of Nova Scotia from C$104.00 to C$112.00 in a research report on Monday, February 9th. Desjardins increased their target price on shares of 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. Canadian Imperial Bank of Commerce raised their target price 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. BMO Capital Markets upped their price target on shares of Bank of Nova Scotia from C$93.00 to C$98.00 in a research report on Wednesday, December 17th. Finally, Canaccord Genuity Group increased their price objective 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. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$101.17.

Bank of Nova Scotia Stock Up 0.1%

BNS traded up C$0.07 on Thursday, reaching C$104.10. 645,717 shares of the company traded hands, compared to its average volume of 4,362,361. The company has a market cap of C$128.70 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 1.33 and a beta of 1.33. Bank of Nova Scotia has a one year low of C$62.57 and a one year high of C$106.31. The firm has a fifty day simple moving average of C$101.92 and a two-hundred day simple moving average of C$93.61.

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

Insider Activity at Bank of Nova Scotia

In related news, insider Julie Walsh sold 3,716 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of C$100.62, for a total transaction of C$373,903.92. Following the completion of the transaction, the insider 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. The bank’s international operations span numerous countries and are more concentrated in Central and South America.