Canaccord Genuity Group Increases Bank of Nova Scotia (TSE:BNS) Price Target to C$71.00

Bank of Nova Scotia (TSE:BNSGet Free Report) (NYSE:BNS) had its target price boosted by analysts at Canaccord Genuity Group from C$70.00 to C$71.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the bank’s stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 11.20% from the company’s previous close.

Other analysts have also recently issued reports about the company. Desjardins boosted their price target on Bank of Nova Scotia from C$64.00 to C$68.00 and gave the stock a “hold” rating in a report on Wednesday, February 28th. Jefferies Financial Group raised their price target on Bank of Nova Scotia from C$66.00 to C$69.00 in a research report on Monday, May 13th. BMO Capital Markets lifted their price objective on Bank of Nova Scotia from C$69.00 to C$74.00 in a research report on Friday, April 5th. National Bankshares raised their target price on Bank of Nova Scotia from C$66.00 to C$67.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 28th. Finally, TD Securities cut their price target on Bank of Nova Scotia from C$72.00 to C$69.00 in a report on Friday, May 10th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$67.74.

Check Out Our Latest Stock Report on BNS

Bank of Nova Scotia Trading Down 1.8 %

Bank of Nova Scotia stock traded down C$1.19 during mid-day trading on Wednesday, hitting C$63.85. 1,672,693 shares of the company’s stock were exchanged, compared to its average volume of 3,928,616. The stock has a 50 day moving average of C$66.02 and a two-hundred day moving average of C$64.10. Bank of Nova Scotia has a 1-year low of C$55.20 and a 1-year high of C$70.40. The stock has a market cap of C$78.54 billion, a P/E ratio of 10.53, a P/E/G ratio of 1.33 and a beta of 0.98.

Bank of Nova Scotia (TSE:BNSGet Free Report) (NYSE:BNS) last posted its earnings results on Tuesday, February 27th. The bank reported C$1.69 earnings per share for the quarter, topping the consensus estimate of C$1.61 by C$0.08. Bank of Nova Scotia had a net margin of 26.41% and a return on equity of 9.89%. The company had revenue of C$8.43 billion for the quarter, compared to analyst estimates of C$8.12 billion. As a group, research analysts predict that Bank of Nova Scotia will post 6.4780876 EPS for the current fiscal year.

Bank of Nova Scotia Company Profile

(Get Free Report)

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.

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