TD Securities Increases Bank of Nova Scotia (TSE:BNS) Price Target to C$112.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective increased by stock analysts at TD Securities from C$104.00 to C$112.00 in a note issued to investors on Monday,BayStreet.CA reports. TD Securities’ price objective would indicate a potential upside of 6.62% from the company’s previous close.

Other analysts also recently issued reports about the stock. Raymond James Financial set a C$108.00 target price on shares of Bank of Nova Scotia and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Bank of Nova Scotia from C$100.00 to C$103.00 and gave the company a “neutral” rating in a research report on Thursday, December 11th. Jefferies Financial Group lifted their target price on shares of Bank of Nova Scotia from C$86.00 to C$96.00 in a research note on Tuesday, November 25th. Desjardins boosted their target price on Bank of Nova Scotia from C$104.00 to C$106.00 and gave the company a “hold” rating in a research note on Monday. Finally, Canaccord Genuity Group lifted their price target on Bank of Nova Scotia from C$98.00 to C$100.00 in a report on Wednesday, December 3rd. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$96.08.

Bank of Nova Scotia Stock Up 0.7%

Bank of Nova Scotia stock traded up C$0.75 during mid-day trading on Monday, hitting C$105.05. The company’s stock had a trading volume of 1,164,207 shares, compared to its average volume of 4,714,569. The stock has a market capitalization of C$129.87 billion, a P/E ratio of 18.53, a P/E/G ratio of 1.33 and a beta of 1.33. Bank of Nova Scotia has a twelve month low of C$62.57 and a twelve month high of C$105.20. The stock’s fifty day moving average price is C$101.05 and its two-hundred day moving average price is C$92.21.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings data on Tuesday, December 2nd. The bank reported C$1.93 earnings per share 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%. Equities analysts expect that Bank of Nova Scotia will post 7.1286267 earnings per share for the current year.

Insider Transactions at Bank of Nova Scotia

In related news, insider Julie Walsh sold 3,716 shares of Bank of Nova Scotia stock in a transaction on Monday, December 15th. The shares were sold at an average price of C$100.62, for a total value of C$373,903.92. Following the transaction, the insider owned 1,430 shares in the company, valued at C$143,886.60. This trade represents a 72.21% decrease in their position. Insiders own 0.03% of the company’s stock.

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.