Bank of Nova Scotia (TSE:BNS) Given New C$82.00 Price Target at TD Securities

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price raised by stock analysts at TD Securities from C$80.00 to C$82.00 in a research note issued on Friday,BayStreet.CA reports. TD Securities’ target price would indicate a potential upside of 8.01% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Cibc World Mkts upgraded Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a report on Friday, September 20th. Royal Bank of Canada boosted their price objective on shares of Bank of Nova Scotia from C$62.00 to C$65.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 28th. Jefferies Financial Group raised their target price on shares of Bank of Nova Scotia from C$65.00 to C$69.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Cormark decreased their price target on shares of Bank of Nova Scotia from C$68.00 to C$65.00 and set a “market perform” rating for the company in a research note on Tuesday, August 20th. Finally, CIBC upgraded Bank of Nova Scotia from a “neutral” rating to an “outperform” rating and upped their target price for the stock from C$78.00 to C$82.00 in a report on Friday, September 20th. Ten investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Bank of Nova Scotia presently has an average rating of “Hold” and an average target price of C$69.17.

Bank of Nova Scotia Price Performance

Bank of Nova Scotia stock traded up C$0.21 during trading hours on Friday, reaching C$75.92. The company had a trading volume of 1,561,459 shares, compared to its average volume of 4,259,462. The firm has a market cap of C$94.14 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a 12-month low of C$56.83 and a 12-month high of C$76.44. The company has a 50-day moving average price of C$72.38 and a 200 day moving average price of C$67.00.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its quarterly earnings results on Tuesday, August 27th. The bank reported C$1.63 EPS for the quarter, meeting analysts’ consensus estimates of C$1.63. The company had revenue of C$8.36 billion during the quarter, compared to analyst estimates 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, research analysts expect that Bank of Nova Scotia will post 7.1286267 earnings per share for the current year.

Bank of Nova Scotia Company Profile

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.