TD Securities Issues Positive Forecast for Bank of Nova Scotia (TSE:BNS) Stock Price

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target increased by TD Securities from C$104.00 to C$112.00 in a research report released on Monday,BayStreet.CA reports.

Several other research analysts have also recently weighed in on BNS. BMO Capital Markets boosted their price target on shares of Bank of Nova Scotia from C$93.00 to C$98.00 in a research report on Wednesday, December 17th. Jefferies Financial Group boosted their target price on shares of Bank of Nova Scotia from C$86.00 to C$96.00 in a report on Tuesday, November 25th. 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 note on Wednesday, December 3rd. Raymond James Financial set a C$108.00 price target on shares of Bank of Nova Scotia and gave the company an “outperform” rating in a research report on Tuesday, November 25th. Finally, Barclays increased their price objective on Bank of Nova Scotia from C$95.00 to C$97.00 in a research report on Wednesday, December 3rd. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$96.08.

Bank of Nova Scotia Price Performance

Shares of Bank of Nova Scotia stock opened at C$105.29 on Monday. The stock’s 50 day simple moving average is C$101.24 and its 200-day simple moving average is C$92.40. The stock has a market cap of C$130.17 billion, a P/E ratio of 18.57, a P/E/G ratio of 1.33 and a beta of 1.33. Bank of Nova Scotia has a 1-year low of C$62.57 and a 1-year high of C$105.38.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings data 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 return on equity of 9.64% and a net margin of 17.68%. As a group, research analysts expect that Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Julie Walsh sold 3,716 shares of Bank of Nova Scotia stock in a transaction that occurred 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 completion of the sale, the insider owned 1,430 shares in the company, valued at approximately C$143,886.60. This trade represents a 72.21% decrease in their position. Company 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.