The Bank of Nova Scotia (TSE:BNS) Receives Consensus Rating of “Hold” from Brokerages

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have been given an average rating of “Hold” by the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$106.75.

A number of analysts have weighed in on BNS shares. Raymond James Financial upped their target price on Bank of Nova Scotia from C$114.00 to C$117.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. BMO Capital Markets lifted their price target on Bank of Nova Scotia from C$98.00 to C$101.00 and gave the company a “market perform” rating in a report on Wednesday, February 25th. Desjardins upped their price objective on Bank of Nova Scotia from C$106.00 to C$107.00 and gave the stock a “hold” rating in a research note on Wednesday, February 25th. UBS Group raised their price objective on Bank of Nova Scotia from C$118.00 to C$120.00 in a research report on Wednesday, February 25th. Finally, Jefferies Financial Group raised their price objective on Bank of Nova Scotia from C$97.00 to C$104.00 in a research report on Wednesday, February 11th.

Insider Buying and Selling at Bank of Nova Scotia

In other news, insider Julie Walsh sold 3,716 shares of the firm’s stock in a transaction on 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 sale, the insider owned 1,430 shares of the company’s stock, valued at C$143,886.60. This trade represents a 72.21% decrease in their position. 0.03% of the stock is owned by insiders.

Bank of Nova Scotia Price Performance

Shares of TSE:BNS opened at C$97.20 on Wednesday. Bank of Nova Scotia has a 1 year low of C$62.57 and a 1 year high of C$106.39. The business has a 50 day simple moving average of C$102.30 and a two-hundred day simple moving average of C$96.09. The firm has a market capitalization of C$119.80 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 1.33 and a beta of 1.16.

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.