Stifel Nicolaus Raises Bank of Nova Scotia (TSE:BNS) Price Target to C$97.00

Bank of Nova Scotia (TSE:BNSGet Rating) (NYSE:BNS) had its price objective hoisted by analysts at Stifel Nicolaus from C$95.00 to C$97.00 in a research note issued on Thursday, BayStreet.CA reports. Stifel Nicolaus’ target price would suggest a potential upside of 14.39% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. CIBC cut their price target on Bank of Nova Scotia from C$94.00 to C$86.00 in a report on Tuesday, May 17th. BMO Capital Markets raised their target price on Bank of Nova Scotia from C$93.00 to C$95.00 in a research note on Wednesday, March 2nd. National Bankshares raised their target price on Bank of Nova Scotia from C$90.00 to C$91.00 and gave the stock a “sector perform” rating in a research note on Thursday. Royal Bank of Canada raised their target price on Bank of Nova Scotia from C$93.00 to C$94.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Barclays lowered their price target on 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. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$90.96.

Shares of TSE BNS traded up C$1.05 during midday trading on Thursday, hitting C$84.80. The stock had a trading volume of 1,337,339 shares, 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 stock 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 1 year low of C$75.84 and a 1 year high of C$95.00.

Bank of Nova Scotia (TSE:BNSGet Rating) (NYSE:BNS) last released its 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 during the quarter, compared to analysts’ expectations of C$7.79 billion. Equities research analysts anticipate 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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