Canaccord Genuity Group Raises Bank of Nova Scotia (TSE:BNS) Price Target to C$92.00

Bank of Nova Scotia (TSE:BNSGet Rating) (NYSE:BNS) had its price target lifted by investment analysts at Canaccord Genuity Group from C$89.00 to C$92.00 in a report issued on Thursday, BayStreet.CA reports. Canaccord Genuity Group’s target price points to a potential upside of 8.49% from the company’s previous close.

A number of other research firms also recently commented on BNS. CSFB lifted their target price on shares of Bank of Nova Scotia from C$88.00 to C$91.00 in a research report on Thursday. CIBC lifted their price target on shares of Bank of Nova Scotia from C$86.00 to C$88.00 and gave the stock a “neutral” rating in a research note on Thursday. 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 on the stock in a research note on Monday, March 7th. Barclays dropped their price target on shares of Bank of Nova Scotia from C$96.00 to C$84.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 11th. Finally, Credit Suisse Group began coverage on shares of Bank of Nova Scotia in a research note on Friday, May 20th. They set a “hold” rating and a C$88.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$90.96.

Shares of BNS traded up C$1.05 on Thursday, hitting C$84.80. 1,337,339 shares of the stock traded hands, compared to its average volume of 4,243,253. The company has a market capitalization of C$102.14 billion and a PE ratio of 10.63. The business has a 50 day simple moving average of C$85.58 and a 200 day simple moving average of C$87.84. Bank of Nova Scotia has a one year low of C$75.84 and a one year high of C$95.00.

Bank of Nova Scotia (TSE:BNSGet Rating) (NYSE:BNS) last announced its quarterly earnings results on Tuesday, March 1st. The bank reported C$2.15 earnings per share for the quarter, beating the consensus estimate of C$2.07 by C$0.08. The firm had revenue of C$8.05 billion for the quarter, compared to the consensus estimate of C$7.79 billion. On average, equities research analysts forecast that Bank of Nova Scotia will post 8.6800006 earnings per share for the current year.

About Bank of Nova Scotia (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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