Bank of Nova Scotia (NYSE: BNS) released its earnings data on Tuesday. The company reported $1.25 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.27 by $0.02.
Several analysts have also recently commented on the stock. Analysts at Barclays Capital upgraded shares of Bank of Nova Scotia from an “equal weight” rating to an “overweight” rating in a research note to investors on Wednesday, February 20th. They now have a $61.00 price target on the stock, up previously from $58.00. On a related note, analysts at CIBC raised their price target on shares of Bank of Nova Scotia from $63.00 to $64.00 in a research note to investors on Tuesday, February 19th. Finally, analysts at Citigroup initiated coverage on shares of Bank of Nova Scotia in a research note to investors on Friday, February 1st. They set a “neutral” rating on the stock.
Thirteen equities research analysts have rated the stock with a buy rating, two have given an overweight rating, and five have issued a hold rating to the company’s stock. The company currently has a consensus rating of “overweight” and an average price target of $63.25.
Shares of Bank of Nova Scotia (BNS) opened at 59.23 on Tuesday. Bank of Nova Scotia (BNS) has a 52 week low of $48.45 and a 52 week high of $59.74. The stock’s 50-day moving average is currently $58.73. The company has a market cap of $70.167 billion and a P/E ratio of 11.13.
The Bank of Nova Scotia (the Bank) is a diversified financial institution. As of October 31, 2011, the Bank offered a range of products and services, including retail, commercial, corporate and investment banking to more than 18.
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