Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$109.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price upped by Canadian Imperial Bank of Commerce from C$108.00 to C$109.00 in a report published on Thursday morning,BayStreet.CA reports.

A number of other analysts also recently issued reports on the stock. National Bank Financial dropped their price target on shares of Bank of Nova Scotia from C$102.00 to C$100.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 25th. Barclays boosted their price objective on shares of Bank of Nova Scotia from C$106.00 to C$108.00 and gave the company an “equal weight” rating in a report on Wednesday, February 25th. BMO Capital Markets increased their price objective on shares of Bank of Nova Scotia from C$98.00 to C$101.00 and gave the company a “market perform” rating in a research report on Wednesday, February 25th. UBS Group raised their target price on shares of Bank of Nova Scotia from C$118.00 to C$120.00 in a report on Wednesday, February 25th. Finally, TD Securities downgraded shares of Bank of Nova Scotia from a “buy” rating to a “hold” rating and cut their target price for the stock from C$112.00 to C$111.00 in a research report on Tuesday, March 3rd. Two research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$107.42.

Bank of Nova Scotia Price Performance

Bank of Nova Scotia stock opened at C$98.03 on Thursday. Bank of Nova Scotia has a one year low of C$62.57 and a one year high of C$106.39. The business’s fifty day moving average is C$102.48 and its 200 day moving average is C$95.73. The stock has a market capitalization of C$120.83 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 1.33 and a beta of 1.16.

Insider Activity at Bank of Nova Scotia

In other news, insider Julie Walsh sold 3,716 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of C$100.62, for a total transaction of C$373,903.92. Following the completion of the sale, the insider owned 1,430 shares of the company’s stock, valued at C$143,886.60. This represents a 72.21% decrease in their position. 0.03% of the stock is owned by insiders.

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.