Bank of Nova Scotia (TSE:BNS) Upgraded to “Hold” at Barclays

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) was upgraded by analysts at Barclays from a “strong sell” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Several other brokerages also recently weighed in on BNS. Cormark cut their target price on shares of Bank of Nova Scotia from C$68.00 to C$65.00 and set a “market perform” rating for the company in a research note on Tuesday, August 20th. UBS Group upgraded Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a report on Monday. Cibc World Mkts upgraded Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a report on Friday, September 20th. TD Securities lifted their price target on Bank of Nova Scotia from C$80.00 to C$82.00 in a report on Friday, November 15th. Finally, BMO Capital Markets lifted their price target on Bank of Nova Scotia from C$72.00 to C$84.00 in a report on Monday. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$74.75.

Bank of Nova Scotia Stock Down 0.3 %

TSE:BNS opened at C$78.50 on Thursday. The company has a market capitalization of C$97.34 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a 52-week low of C$56.83 and a 52-week high of C$79.16. The stock has a fifty day simple moving average of C$73.29 and a 200-day simple moving average of C$67.50.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings results on Tuesday, August 27th. The bank reported C$1.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$1.63. The business had revenue of C$8.36 billion during the quarter, compared to the consensus estimate of C$8.50 billion. Bank of Nova Scotia had a return on equity of 9.49% and a net margin of 25.38%. As a group, equities analysts anticipate that Bank of Nova Scotia will post 7.1286267 earnings per share 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.