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

by · The Cerbat Gem

Bank of Nova Scotia (TSE:BNS – Get Free Report) (NYSE:BNS) had its target price raised by equities researchers at BMO Capital Markets from C$89.00 to C$93.00 in a report released on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential downside of 4.84% from the stock’s current price.

A number of other equities research analysts have also commented on BNS. Jefferies Financial Group upped their price target on Bank of Nova Scotia from C$86.00 to C$96.00 in a research report on Tuesday, November 25th. Barclays increased their target price on shares of Bank of Nova Scotia from C$95.00 to C$97.00 in a research report on Wednesday. National Bankshares set a C$81.00 price objective on shares of Bank of Nova Scotia and gave the company a “sector perform” rating in a research note on Monday, September 22nd. Raymond James Financial set a C$108.00 target price on shares of Bank of Nova Scotia and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. Finally, Royal Bank Of Canada increased their price target on Bank of Nova Scotia from C$80.00 to C$86.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 27th. Four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Bank of Nova Scotia currently has a consensus rating of “Hold” and an average target price of C$91.77.

Get Our Latest Research Report on BNS

Bank of Nova Scotia Trading Down 1.0%

BNS traded down C$0.99 on Wednesday, reaching C$97.73. The stock had a trading volume of 2,566,703 shares, compared to its average volume of 4,741,416. The company has a market capitalization of C$121.43 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 1.33 and a beta of 1.33. Bank of Nova Scotia has a fifty-two week low of C$62.57 and a fifty-two week high of C$99.37. The firm has a 50-day moving average of C$92.15 and a 200-day moving average of C$83.08.

Bank of Nova Scotia (TSE:BNS – Get Free Report) (NYSE:BNS) last released its quarterly earnings results on Tuesday, December 2nd. The bank reported C$1.93 earnings per share for the quarter. Bank of Nova Scotia had a return on equity of 9.64% and a net margin of 17.68%.The company had revenue of C$9.77 billion for the quarter. Sell-side analysts anticipate that Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

About Bank of Nova Scotia

(Get Free Report)

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.

Read More