Bank Of Nova Scotia (BNS) Gets a Hold from Desjardins
Desjardins analyst Douglas Young maintained a Hold rating on Bank Of Nova Scotia today and set a price target of C$107.00.
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Young covers the Financial sector, focusing on stocks such as Bank Of Nova Scotia, Equitable Group, and Bank Of Montreal. According to TipRanks, Young has an average return of 14.9% and a 72.73% success rate on recommended stocks.
In addition to Desjardins, Bank Of Nova Scotia also received a Hold from Barclays’s Brian Morton in a report issued today. However, on the same day, Raymond James maintained a Buy rating on Bank Of Nova Scotia (NYSE: BNS).
Based on Bank Of Nova Scotia’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of C$18.21 billion and a net profit of C$2.22 billion. In comparison, last year the company earned a revenue of C$18.89 billion and had a net profit of C$1.64 billion
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BNS in relation to earlier this year.
Read More on BNS:
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- Scotiabank price target raised to C$101 from C$98 at BMO Capital
- Scotiabank price target raised to C$118 from C$112 at Canaccord
- Scotiabank price target raised to C$106 from C$97 at RBC Capital
- Scotiabank price target raised to C$108 from C$106 at Barclays
- Buy Rating on Bank of Nova Scotia Backed by Medium-Term EPS Growth and Capital Strength Despite Mixed Near-Term Loan Trends
