Bank of Nova Scotia (BNS) Price Target Raised to C$76.00
A number of other brokerages also recently commented on BNS. Scotiabank raised their price objective on Bank of Nova Scotia from C$69.00 to C$71.00 and gave the stock an outperform rating in a research report on Wednesday, June 1st. National Bank Financial increased their target price on Bank of Nova Scotia from C$66.00 to C$70.00 and gave the stock a sector perform rating in a report on Wednesday, August 31st. CIBC increased their target price on Bank of Nova Scotia from C$61.00 to C$65.00 in a report on Tuesday, May 17th. TD Securities increased their target price on Bank of Nova Scotia from C$70.00 to C$74.00 and gave the stock a buy rating in a report on Tuesday, August 30th. Finally, Barclays PLC increased their target price on Bank of Nova Scotia from C$51.00 to C$55.00 in a report on Wednesday, June 1st. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average target price of C$72.92.
Shares of Bank of Nova Scotia (TSE:BNS) opened at 70.00 on Wednesday. The stock has a 50 day moving average price of $68.18 and a 200 day moving average price of $64.98. Bank of Nova Scotia has a one year low of $51.17 and a one year high of $70.80. The firm has a market cap of $84.34 billion and a price-to-earnings ratio of 12.39.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Tuesday, October 4th will be given a $0.74 dividend. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $0.72. This represents a $2.96 annualized dividend and a dividend yield of 4.23%.
In other news, Director Brian J. Porter sold 25,176 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of C$70.17, for a total value of C$1,766,599.92.
Bank of Nova Scotia Company Profile
The Bank of Nova Scotia (Scotiabank or the Bank) is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. The Company’s segments include Canadian Banking, International Banking, Global Banking and Markets (GBM), and Other.
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