Bank of Nova Scotia (TSE:BNS) Given New C$106.00 Price Target at Desjardins

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective boosted by Desjardins from C$104.00 to C$106.00 in a report issued on Monday morning,BayStreet.CA reports. Desjardins currently has a hold rating on the bank’s stock.

Several other brokerages have also recently commented on BNS. Jefferies Financial Group raised their target price on Bank of Nova Scotia from C$86.00 to C$96.00 in a research report on Tuesday, November 25th. Barclays increased their price target on Bank of Nova Scotia from C$95.00 to C$97.00 in a report on Wednesday, December 3rd. Canadian Imperial Bank of Commerce lifted their price target on Bank of Nova Scotia from C$100.00 to C$103.00 and gave the stock a “neutral” rating in a research report on Thursday, December 11th. Raymond James Financial set a C$108.00 price objective on Bank of Nova Scotia and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Finally, Canaccord Genuity Group increased their price target on shares of Bank of Nova Scotia from C$98.00 to C$100.00 in a research report on Wednesday, December 3rd. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Bank of Nova Scotia has an average rating of “Hold” and a consensus target price of C$96.08.

Bank of Nova Scotia Stock Performance

Shares of BNS opened at C$105.29 on Monday. The firm has a fifty day moving average of C$101.24 and a 200-day moving average of C$92.40. Bank of Nova Scotia has a 1 year low of C$62.57 and a 1 year high of C$105.38. The company has a market cap of C$130.17 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 1.33 and a beta of 1.33.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings results on Tuesday, December 2nd. The bank reported C$1.93 EPS for the quarter. The firm had revenue of C$9.77 billion for the quarter. Bank of Nova Scotia had a net margin of 17.68% and a return on equity of 9.64%. Analysts predict that Bank of Nova Scotia will post 7.1286267 EPS for the current year.

Insider Activity

In related news, insider Julie Walsh sold 3,716 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of C$100.62, for a total value of C$373,903.92. Following the sale, the insider directly owned 1,430 shares of the company’s stock, valued at approximately C$143,886.60. The trade was a 72.21% decrease in their position. Corporate insiders own 0.03% of the company’s stock.

About Bank of Nova Scotia

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. The bank’s international operations span numerous countries and are more concentrated in Central and South America.