In a report released on May 15, Darko Mihelic from RBC Capital maintained a Hold rating on Bank Of Nova Scotia (BNS – Research Report), with a price target of C$64.00. The company’s shares closed yesterday at $48.25.
Mihelic covers the Financial sector, focusing on stocks such as Manulife Financial, Toronto Dominion Bank, and Sagicor Financial. According to TipRanks, Mihelic has an average return of 6.2% and a 58.62% success rate on recommended stocks.
Currently, the analyst consensus on Bank Of Nova Scotia is a Hold with an average price target of $49.82, representing a 3.25% upside. In a report released yesterday, Canaccord Genuity also maintained a Hold rating on the stock with a C$70.00 price target.
Based on Bank Of Nova Scotia’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $8.14 billion and a net profit of $2.17 billion. In comparison, last year the company earned a revenue of $7.99 billion and had a net profit of $1.33 billion
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BNS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Bank Of Nova Scotia (BNS) Company Description:
Founded in 1832, Canada-based Bank of Nova Scotia provides various financial products and services, including personal, commercial, corporate, and investment banking. It operates through the following segments: Canadian Banking, International Banking, Global Banking and Markets, and Global Wealth Management.
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