Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective hoisted by BMO Capital Markets from C$83.00 to C$85.00 in a research note issued to investors on Wednesday. The firm currently has an “outperform” rating on the bank’s stock. BMO Capital Markets’ target price suggests a potential upside of 9.41% from the company’s current price.

Several other research analysts have also commented on the company. Scotiabank lifted 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 research report on Wednesday, May 31st. Barclays PLC lifted 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 research report on Tuesday, May 30th. Finally, Royal Bank Of Canada lifted 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 research report on Wednesday, May 31st. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$85.08.

Shares of Bank of Nova Scotia (TSE:BNS) opened at 77.69 on Wednesday. Bank of Nova Scotia has a one year low of $68.27 and a one year high of $82.30. The company’s 50-day moving average price is $77.71 and its 200 day moving average price is $77.83. The stock has a market capitalization of $93.37 billion and a PE ratio of 12.12.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings results on Tuesday, May 30th. The bank reported $1.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.07. The company had revenue of $6.58 billion during the quarter, compared to analyst estimates of $6.61 billion. Bank of Nova Scotia had a return on equity of 14.58% and a net margin of 31.32%. Analysts anticipate that Bank of Nova Scotia will post $6.53 EPS for the current year.

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In other Bank of Nova Scotia news, Director Brian J. Porter bought 1,000 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was acquired at an average price of C$77.74 per share, for a total transaction of C$77,740.00.

About Bank of Nova Scotia

The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank 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.

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

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