Bank of Nova Scotia (BNS) PT Set at C$78.00 by CSFB

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) received a C$78.00 price objective from research analysts at CSFB in a research report issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the bank’s stock. CSFB’s price target would suggest a potential upside of 9.11% from the company’s previous close.

A number of other brokerages have also weighed in on BNS. National Bank Financial reduced their price target on shares of Bank of Nova Scotia from C$80.00 to C$78.00 in a research note on Wednesday, February 27th. CIBC lowered shares of Bank of Nova Scotia from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from C$86.00 to C$81.00 in a research note on Wednesday, February 27th. Canaccord Genuity reduced their price target on shares of Bank of Nova Scotia from C$76.00 to C$74.00 in a research note on Wednesday. BMO Capital Markets reissued an “outperform” rating and set a C$82.00 target price on shares of Bank of Nova Scotia in a research note on Wednesday, February 27th. Finally, Desjardins cut their target price on shares of Bank of Nova Scotia from C$83.00 to C$81.00 in a research note on Wednesday, February 27th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of C$83.08.

Shares of TSE:BNS traded up C$0.39 during trading on Thursday, reaching C$71.49. The company had a trading volume of 968,615 shares, compared to its average volume of 2,708,661. The firm has a market cap of $87.49 billion and a P/E ratio of 10.72. Bank of Nova Scotia has a twelve month low of C$66.36 and a twelve month high of C$80.79.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings results on Tuesday, February 26th. The bank reported C$1.75 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.87 by C($0.12). The firm had revenue of C$7.60 billion for the quarter, compared to the consensus estimate of C$8.21 billion. Equities analysts forecast that Bank of Nova Scotia will post 7.78653710240805 earnings per share for the current fiscal year.

About Bank of Nova Scotia

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

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

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