Raymond James 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 Raymond James Financial from C$109.00 to C$114.00 in a research report report published on Tuesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the bank’s stock.

A number of other equities research analysts have also commented on BNS. Barclays raised their price target on Bank of Nova Scotia from C$95.00 to C$97.00 in a research report on Wednesday, December 3rd. Jefferies Financial Group raised their target price on shares of Bank of Nova Scotia from C$97.00 to C$104.00 in a report on Wednesday, February 11th. TD Securities lifted their price target on shares of Bank of Nova Scotia from C$104.00 to C$112.00 in a research note on Monday, February 9th. Canaccord Genuity Group increased their price objective on shares of Bank of Nova Scotia from C$106.00 to C$112.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Finally, BMO Capital Markets raised their price objective on shares of Bank of Nova Scotia from C$93.00 to C$98.00 in a report on Wednesday, December 17th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Bank of Nova Scotia has a consensus rating of “Hold” and a consensus price target of C$100.42.

Bank of Nova Scotia Stock Up 0.8%

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

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings data on Tuesday, December 2nd. The bank reported C$1.93 EPS for the quarter. The business 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%. Research analysts expect that Bank of Nova Scotia will post 7.1286267 earnings per share for the current year.

Insider Activity

In related news, insider Julie Walsh sold 3,716 shares of the stock in a transaction on 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 transaction, the insider owned 1,430 shares in the company, valued at approximately C$143,886.60. This represents a 72.21% decrease in their ownership of the stock. 0.03% of the stock is owned by company insiders.

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.