The Bank of Nova Scotia (TSE:BNS) Given Consensus Recommendation of “Hold” by Analysts

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has been given an average rating of “Hold” by the ten analysts that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$98.17.

Several analysts recently issued reports on the company. Canaccord Genuity Group raised their target price on Bank of Nova Scotia from C$106.00 to C$112.00 and gave the stock a “buy” rating in a research note on Thursday. Canadian Imperial Bank of Commerce increased their price objective on Bank of Nova Scotia from C$103.00 to C$108.00 and gave the stock a “neutral” rating in a report on Friday. BMO Capital Markets lifted their price objective on Bank of Nova Scotia from C$93.00 to C$98.00 in a research report on Wednesday, December 17th. TD Securities boosted their target price on Bank of Nova Scotia from C$104.00 to C$112.00 in a research note on Monday, February 9th. Finally, Barclays upped their target price on Bank of Nova Scotia from C$95.00 to C$97.00 in a report on Wednesday, December 3rd.

Insider Buying and Selling

In other news, insider Julie Walsh sold 3,716 shares of the firm’s stock in a transaction dated 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 directly owned 1,430 shares of the company’s stock, 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.

Bank of Nova Scotia Stock Down 0.1%

Shares of TSE BNS opened at C$103.16 on Friday. The firm’s fifty day moving average is C$101.69 and its 200 day moving average is C$92.94. Bank of Nova Scotia has a 52 week low of C$62.57 and a 52 week high of C$106.31. The company has a market cap of C$127.54 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 1.33 and a beta of 1.33.

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

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.