Bank of Nova Scotia (TSE:BNS) Given New C$78.00 Price Target at National Bankshares

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target raised by National Bankshares from C$66.00 to C$78.00 in a report released on Wednesday,BayStreet.CA reports. National Bankshares’ price objective would indicate a potential downside of 0.64% from the company’s current price.

A number of other analysts have also recently issued reports on the company. Bank of America raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating and upped their target price for the company from C$73.00 to C$90.00 in a research report on Tuesday. Royal Bank of Canada increased their price objective on Bank of Nova Scotia from C$62.00 to C$65.00 and gave the company a “sector perform” rating in a report on Wednesday, August 28th. BMO Capital Markets lifted their target price on shares of Bank of Nova Scotia from C$72.00 to C$84.00 in a report on Monday. TD Securities increased their price target on shares of Bank of Nova Scotia from C$80.00 to C$82.00 in a research note on Friday, November 15th. Finally, Canaccord Genuity Group raised shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$71.00 to C$84.00 in a research report on Tuesday. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$74.75.

Bank of Nova Scotia Trading Down 0.3 %

Shares of TSE:BNS opened at C$78.50 on Wednesday. The firm has a 50 day simple moving average of C$73.29 and a 200-day simple moving average of C$67.50. The company has a market capitalization of C$97.34 billion, a PE ratio of 13.75, a P/E/G ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a twelve month low of C$56.83 and a twelve month high of C$79.16.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings results on Tuesday, August 27th. The bank reported C$1.63 earnings per share for the quarter, meeting analysts’ consensus estimates of C$1.63. The firm had revenue of C$8.36 billion during the quarter, compared to analysts’ expectations of C$8.50 billion. Bank of Nova Scotia had a net margin of 25.38% and a return on equity of 9.49%. As a group, equities research analysts predict that Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

About Bank of Nova Scotia

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.