The Bank of Nova Scotia (TSE:BNS) Receives C$106.75 Average Price Target from Analysts

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have been assigned an average rating of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$106.75.

BNS has been the topic of a number of research analyst reports. Canaccord Genuity Group lowered shares of Bank of Nova Scotia from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$118.00 to C$110.00 in a report on Monday, March 9th. Desjardins increased their target price on Bank of Nova Scotia from C$106.00 to C$107.00 and gave the stock a “hold” rating in a report on Wednesday, February 25th. National Bank Financial cut their price target on Bank of Nova Scotia from C$102.00 to C$100.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 25th. TD Securities cut Bank of Nova Scotia from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$112.00 to C$111.00 in a research report on Tuesday, March 3rd. Finally, Royal Bank Of Canada increased their price objective on Bank of Nova Scotia from C$97.00 to C$106.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 25th.

Insider Buying and Selling at Bank of Nova Scotia

In other news, insider Julie Walsh sold 3,716 shares of Bank of Nova Scotia stock in a transaction that occurred 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 sale, the insider directly owned 1,430 shares in the company, valued at C$143,886.60. This trade represents a 72.21% decrease in their ownership of the stock. 0.03% of the stock is owned by corporate insiders.

Bank of Nova Scotia Stock Performance

TSE BNS opened at C$94.38 on Wednesday. The stock has a market cap of C$116.33 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 1.33 and a beta of 1.16. The business has a 50 day simple moving average of C$101.93 and a 200 day simple moving average of C$96.20. Bank of Nova Scotia has a 52-week low of C$62.57 and a 52-week high of C$106.39.

Bank of Nova Scotia Company Profile

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.