Canaccord Genuity analyst Matthew Lee maintained a Buy rating on Bank Of Nova Scotia (BNS – Research Report) today and set a price target of C$81.00. The company’s shares closed today at $54.35.
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According to TipRanks, Lee is a 5-star analyst with an average return of 13.1% and a 65.05% success rate. Lee covers the Industrials sector, focusing on stocks such as CAE, Air Canada, and Diversified Royalty Corp.
Currently, the analyst consensus on Bank Of Nova Scotia is a Moderate Buy with an average price target of $56.67.
Based on Bank Of Nova Scotia’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $9.26 billion and a net profit of $1.15 billion. In comparison, last year the company earned a revenue of $8.39 billion and had a net profit of $2.17 billion
Based on the recent corporate insider activity of 26 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.
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