National Bank Financial Issues Positive Forecast for Bank of Nova Scotia (TSE:BNS) Stock Price

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price increased by National Bank Financial from C$100.00 to C$102.00 in a research note published on Tuesday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the bank’s stock.

A number of other brokerages also recently weighed in on BNS. Barclays raised their target price on Bank of Nova Scotia from C$95.00 to C$97.00 in a report on Wednesday, December 3rd. Jefferies Financial Group raised their price objective on Bank of Nova Scotia from C$97.00 to C$104.00 in a research note on Wednesday, February 11th. Canaccord Genuity Group lifted their target price on Bank of Nova Scotia from C$106.00 to C$112.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Desjardins increased their target price on shares of Bank of Nova Scotia from C$104.00 to C$106.00 and gave the stock a “hold” rating in a report on Monday, February 9th. Finally, Raymond James Financial raised their price target on shares of Bank of Nova Scotia from C$109.00 to C$114.00 and gave the company an “outperform” rating in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Bank of Nova Scotia presently has an average rating of “Hold” and an average target price of C$100.42.

Bank of Nova Scotia Trading Up 0.8%

Shares of TSE:BNS opened at C$104.03 on Tuesday. The firm has a 50 day moving average of C$101.84 and a 200-day moving average of C$93.54. Bank of Nova Scotia has a 12 month low of C$62.57 and a 12 month high of C$106.31. The stock has a market capitalization of C$128.61 billion, a PE ratio of 18.35, a PEG ratio of 1.33 and a beta of 1.33.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its quarterly earnings results on Tuesday, December 2nd. The bank reported C$1.93 earnings per share (EPS) for the quarter. The business 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%. On average, research analysts predict that Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

Insider Buying and Selling

In other Bank of Nova Scotia news, insider Julie Walsh sold 3,716 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of C$100.62, for a total value of C$373,903.92. Following the completion of the transaction, the insider directly owned 1,430 shares in the company, valued at approximately C$143,886.60. This trade represents a 72.21% decrease in their ownership of the stock. Corporate insiders own 0.03% of the company’s stock.

Bank of Nova Scotia Company Profile

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.