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Analysts Have Conflicting Sentiments on These Financial Companies: Insurance Australia Group Limited (OtherIAUGF) and Bank Of Nova Scotia (BNS)

Tipranks - Thu Feb 12, 5:38PM CST

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Insurance Australia Group Limited (IAUGFResearch Report) and Bank Of Nova Scotia (BNSResearch Report).

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Insurance Australia Group Limited (IAUGF)

In a report released today, Nigel Pittaway from Citi maintained a Buy rating on Insurance Australia Group Limited, with a price target of A$9.00. The company’s shares closed last Tuesday at $5.53, close to its 52-week high of $5.60.

According to TipRanks.com, Pittaway is a 4-star analyst with an average return of 3.8% and a 54.7% success rate. Pittaway covers the Financial sector, focusing on stocks such as QBE Insurance Group Limited, Computershare Limited, and Medibank Private. ;'>

Currently, the analyst consensus on Insurance Australia Group Limited is a Strong Buy with an average price target of $6.20, a 12.1% upside from current levels. In a report issued on January 27, TipRanks – Google also reiterated a Buy rating on the stock with a A$8.00 price target.

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Bank Of Nova Scotia (BNS)

Jefferies analyst John Aiken maintained a Hold rating on Bank Of Nova Scotia today and set a price target of C$104.00. The company’s shares closed last Wednesday at $77.19.

According to TipRanks.com, Aiken is a 3-star analyst with an average return of 0.8% and a 51.0% success rate. Aiken covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Toronto Dominion Bank. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bank Of Nova Scotia with a $75.00 average price target, a -3.9% downside from current levels. In a report issued on February 9, Desjardins also maintained a Hold rating on the stock with a C$106.00 price target.

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