Bank of Nova Scotia (TSE:BNS) PT Set at C$67.00 by UBS Group

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has been assigned a C$67.00 price target by analysts at UBS Group in a research note issued on Tuesday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the bank’s stock. UBS Group’s price target points to a potential upside of 7.65% from the stock’s previous close.

A number of other brokerages have also commented on BNS. Jefferies Financial Group reduced their price target on shares of Bank of Nova Scotia from C$69.00 to C$64.00 and set a “hold” rating for the company in a research note on Thursday, June 6th. CIBC boosted their target price on shares of Bank of Nova Scotia from C$64.00 to C$68.00 and gave the company a “neutral” rating in a research note on Wednesday, May 29th. TD Securities dropped their price target on Bank of Nova Scotia from C$72.00 to C$69.00 in a research note on Friday, May 10th. Canaccord Genuity Group lifted their price objective on Bank of Nova Scotia from C$70.00 to C$71.00 and gave the stock a “hold” rating in a report on Wednesday, May 29th. Finally, National Bankshares cut their price objective on Bank of Nova Scotia from C$67.00 to C$66.00 and set a “sector perform” rating for the company in a report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$66.70.

Bank of Nova Scotia Trading Up 1.1 %

Shares of BNS opened at C$62.24 on Tuesday. The company has a market cap of C$76.56 billion, a price-to-earnings ratio of 10.26, a P/E/G ratio of 1.33 and a beta of 0.98. The business’s fifty day simple moving average is C$64.20 and its two-hundred day simple moving average is C$64.62. Bank of Nova Scotia has a 12 month low of C$55.20 and a 12 month high of C$70.40.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings data on Tuesday, May 28th. The bank reported C$1.58 EPS for the quarter, beating the consensus estimate of C$1.55 by C$0.03. Bank of Nova Scotia had a return on equity of 9.89% and a net margin of 26.41%. The company had revenue of C$8.35 billion for the quarter, compared to analysts’ expectations of C$8.32 billion. As a group, research analysts forecast that Bank of Nova Scotia will post 6.4780876 EPS for the current year.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.