Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$71.00

Bank of Nova Scotia (TSE:BNSGet Free Report) (NYSE:BNS) had its price objective hoisted by investment analysts at Canaccord Genuity Group from C$70.00 to C$71.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm currently has a “hold” rating on the bank’s stock. Canaccord Genuity Group’s price target indicates a potential upside of 10.73% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Desjardins raised their price target on shares of Bank of Nova Scotia from C$64.00 to C$68.00 and gave the company a “hold” rating in a report on Wednesday, February 28th. Jefferies Financial Group increased their price target on Bank of Nova Scotia from C$66.00 to C$69.00 in a research note on Monday, May 13th. National Bankshares raised their price target on Bank of Nova Scotia from C$66.00 to C$67.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 28th. TD Securities cut their price objective on shares of Bank of Nova Scotia from C$72.00 to C$69.00 in a report on Friday, May 10th. Finally, BMO Capital Markets increased their price objective on shares of Bank of Nova Scotia from C$69.00 to C$74.00 in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Bank of Nova Scotia presently has an average rating of “Hold” and a consensus target price of C$67.74.

Read Our Latest Analysis on BNS

Bank of Nova Scotia Stock Performance

TSE BNS opened at C$64.12 on Wednesday. The business’s 50 day moving average price is C$65.85 and its 200-day moving average price is C$64.09. The company has a market cap of C$78.87 billion, a P/E ratio of 10.58, a P/E/G ratio of 1.33 and a beta of 0.98. Bank of Nova Scotia has a fifty-two week low of C$55.20 and a fifty-two week high of C$70.40.

Bank of Nova Scotia (TSE:BNSGet Free Report) (NYSE:BNS) last released its quarterly earnings data on Tuesday, February 27th. The bank reported C$1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.61 by C$0.08. The company had revenue of C$8.43 billion during the quarter, compared to analysts’ expectations of C$8.12 billion. Bank of Nova Scotia had a net margin of 26.41% and a return on equity of 9.89%. As a group, equities analysts predict that Bank of Nova Scotia will post 6.4780876 EPS for the current year.

Bank of Nova Scotia Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Bank of Nova Scotia (TSE:BNS)

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