Bank of Nova Scotia (TSE:BNS) PT Raised to C$88.00

Bank of Nova Scotia (TSE:BNSGet Rating) (NYSE:BNS) had its price target raised by equities research analysts at CIBC from C$86.00 to C$88.00 in a research note issued on Thursday, BayStreet.CA reports. The firm presently has a “neutral” rating on the bank’s stock. CIBC’s price target would suggest a potential upside of 3.77% from the company’s current price.

Other analysts have also issued reports about the stock. Barclays cut their target price on shares of Bank of Nova Scotia from C$96.00 to C$84.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 11th. Fundamental Research dropped their price target on shares of Bank of Nova Scotia from C$100.91 to C$97.39 and set a “buy” rating for the company in a research report on Monday, March 7th. BMO Capital Markets upped their price target on shares of Bank of Nova Scotia from C$93.00 to C$95.00 in a research report on Wednesday, March 2nd. National Bankshares upped their price target on shares of Bank of Nova Scotia from C$90.00 to C$91.00 and gave the stock a “sector perform” rating in a research report on Thursday. Finally, Canaccord Genuity Group upped their price target on shares of Bank of Nova Scotia from C$98.00 to C$100.00 in a research report on Thursday, February 17th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$90.96.

BNS stock traded up C$1.05 during trading on Thursday, reaching C$84.80. The stock had a trading volume of 1,337,339 shares, compared to its average volume of 4,243,253. Bank of Nova Scotia has a one year low of C$75.84 and a one year high of C$95.00. The company’s 50 day moving average is C$85.58 and its two-hundred day moving average is C$87.84. The company has a market capitalization of C$102.14 billion and a price-to-earnings ratio of 10.63.

Bank of Nova Scotia (TSE:BNSGet Rating) (NYSE:BNS) last issued its quarterly earnings results on Tuesday, March 1st. The bank reported C$2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.07 by C$0.08. The business had revenue of C$8.05 billion for the quarter, compared to analysts’ expectations of C$7.79 billion. Equities research analysts anticipate that Bank of Nova Scotia will post 8.6800006 EPS for the current year.

Bank of Nova Scotia Company Profile (Get Rating)

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 in four segments: Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets.

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