Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$104.00 at Jefferies Financial Group

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective upped by Jefferies Financial Group from C$97.00 to C$104.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports.

BNS has been the subject of several other research reports. Barclays lifted their price target on Bank of Nova Scotia from C$95.00 to C$97.00 in a research note on Wednesday, December 3rd. TD Securities boosted their target price on Bank of Nova Scotia from C$104.00 to C$112.00 in a research report on Monday. BMO Capital Markets upped their target price on Bank of Nova Scotia from C$93.00 to C$98.00 in a research note on Wednesday, December 17th. Canaccord Genuity Group lifted their price target on shares of Bank of Nova Scotia from C$98.00 to C$100.00 in a research note on Wednesday, December 3rd. Finally, Raymond James Financial set a C$108.00 price objective on shares of Bank of Nova Scotia and gave the stock an “outperform” rating in a report on Tuesday, November 25th. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Bank of Nova Scotia has a consensus rating of “Hold” and a consensus price target of C$96.75.

Bank of Nova Scotia Stock Performance

Bank of Nova Scotia stock opened at C$104.76 on Wednesday. Bank of Nova Scotia has a fifty-two week low of C$62.57 and a fifty-two week high of C$106.31. The stock has a market cap of C$129.52 billion, a P/E ratio of 18.48, a PEG ratio of 1.33 and a beta of 1.33. The firm’s fifty day moving average price is C$101.51 and its 200-day moving average price is C$92.69.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its earnings results on Tuesday, December 2nd. The bank reported C$1.93 EPS for the quarter. The business had revenue of C$9.77 billion during the quarter. Bank of Nova Scotia had a return on equity of 9.64% and a net margin of 17.68%. Sell-side analysts predict that Bank of Nova Scotia will post 7.1286267 earnings per share for the current year.

Insider Transactions at Bank of Nova Scotia

In other Bank of Nova Scotia news, insider Julie Walsh sold 3,716 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of C$100.62, for a total transaction of C$373,903.92. Following the completion of the transaction, the insider owned 1,430 shares of the company’s stock, valued at C$143,886.60. This represents a 72.21% decrease in their position. 0.03% of the stock is currently owned by corporate insiders.

About Bank of Nova Scotia

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The bank’s international operations span numerous countries and are more concentrated in Central and South America.