TD Securities began coverage on shares of Bank of Nova Scotia (NYSE:BNS) in a report issued on Thursday, AnalystRatingsNetwork reports. The firm issued an action list buy rating and a C$71.00 target price on the stock.
Several other analysts have also recently commented on the stock. Analysts at National Bank Financial raised their price target on shares of Bank of Nova Scotia from $64.00 to $65.00 in a research note to investors on Friday, September 27th. They now have an outperform rating on the stock. Separately, analysts at Scotiabank reiterated a sector perform rating on shares of Bank of Nova Scotia in a research note to investors on Thursday, September 26th. They now have a $70.00 price target on the stock. Finally, analysts at CIBC downgraded shares of Bank of Nova Scotia from a sector outperform rating to a sector perform rating in a research note to investors on Wednesday, September 4th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $65.00.
Shares of Bank of Nova Scotia (NYSE:BNS) traded up 0.22% during mid-day trading on Thursday, hitting $59.8899. 101,240 shares of the company’s stock traded hands. Bank of Nova Scotia has a 1-year low of $52.05 and a 1-year high of $60.25. The stock has a 50-day moving average of $57.55 and a 200-day moving average of $56.46. The company has a market cap of $72.066 billion and a price-to-earnings ratio of 11.66.
Bank of Nova Scotia (NYSE:BNS) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $1.30 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.32 by $0.02. The company had revenue of $5.60 billion for the quarter. During the same quarter in the prior year, the company posted $1.72 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. On average, analysts predict that Bank of Nova Scotia will post $5.16 earnings per share for the current fiscal year.
The Bank of Nova Scotia (NYSE:BNS) is a diversified financial institution.
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