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RBC Capital Sticks to Their Hold Rating for Bank Of Nova Scotia

Investing.com
·1-min read


RBC Capital analyst Darko Mihelic maintained a Hold rating on Bank Of Nova Scotia (NYSE:BNS) on Wednesday, setting a price target of C$59, which is approximately 54.94% above the present share price of $38.08.

Mihelic expects Bank Of Nova Scotia to post earnings per share (EPS) of $1.86 for the second quarter of 2020.

The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in Bank Of Nova Scotia, with an average price target of $50.19.
The analysts price targets range from a high of $60 to a low of $39.8.

In its latest earnings report, released on 01/31/2020, the company reported a quarterly revenue of $8.05 billion and a net profit of $0. The company's market cap is $45.49 billion.

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According to TipRanks.com, RBC Capital analyst Darko Mihelic is a 4-star analyst with an average return of 5.8% and a 64.3% success rate.

Bank of Nova Scotia engages in the provision of 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 Other. The Other segment includes group treasury, smaller operating segments and business line elimination items. The company was founded on March 30, 1832 and is headquartered in Toronto, Canada.