Bank of Nova Scotia (TSE:BNS) Receives C$84.82 Consensus Price Target from Analysts

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has received an average recommendation of “Buy” from the twelve brokerages that are covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$84.82.

A number of equities analysts have recently weighed in on the company. Scotiabank increased their price target on Bank of Nova Scotia from C$86.00 to C$89.00 and gave the stock an “outperform” rating in a report on Wednesday, May 31st. Royal Bank Of Canada increased their price target on Bank of Nova Scotia from C$86.00 to C$87.00 and gave the stock an “outperform” rating in a report on Wednesday, May 31st. Finally, Barclays PLC increased their price target on Bank of Nova Scotia from C$84.00 to C$86.00 and gave the stock an “overweight” rating in a report on Tuesday, May 30th.

Bank of Nova Scotia (TSE BNS) traded down 0.15% on Friday, reaching $78.11. 1,697,223 shares of the company’s stock traded hands. The stock has a market capitalization of $93.88 billion and a price-to-earnings ratio of 12.42. The firm has a 50-day moving average price of $78.38 and a 200-day moving average price of $77.92. Bank of Nova Scotia has a 52 week low of $65.97 and a 52 week high of $82.30.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its earnings results on Tuesday, May 30th. The bank reported $1.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.07. The company had revenue of $6.58 billion during the quarter, compared to analysts’ expectations of $6.61 billion. Bank of Nova Scotia had a return on equity of 14.58% and a net margin of 31.32%. On average, analysts predict that Bank of Nova Scotia will post $6.46 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Tuesday, July 4th were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend was Thursday, June 29th.

In other news, Director Brian J. Porter bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The shares were purchased at an average price of C$77.74 per share, with a total value of C$77,740.00.

COPYRIGHT VIOLATION NOTICE: This report was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://www.com-unik.info/2017/08/19/bank-of-nova-scotia-tsebns-receives-c84-82-consensus-price-target-from-analysts-updated.html.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia provides various financial services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. It offers financial advice, solutions, and day-to-day banking products, including debit cards, checking and saving accounts, credit cards, investments, mortgages, loans, and related creditor insurance products to individuals and small businesses; and commercial banking solutions comprising lending, deposit, cash management, and trade finance solutions to medium and large businesses comprising automotive dealers and their customers.

Analyst Recommendations for Bank of Nova Scotia (TSE:BNS)

What are top analysts saying about Bank of Nova Scotia? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Bank of Nova Scotia and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit