Bank of Nova Scotia (BNS) Given Average Recommendation of “Buy” by Brokerages
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has been assigned a consensus rating of “Buy” from the twelve ratings firms that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$86.50.
Several analysts recently commented on BNS shares. National Bank Financial upped their price target on shares of Bank of Nova Scotia from C$85.00 to C$86.00 and gave the company an “outperform” rating in a research report on Wednesday, August 30th. Scotiabank reduced their price target on shares of Bank of Nova Scotia from C$89.00 to C$88.00 and set an “outperform” rating for the company in a research report on Wednesday, August 30th. CIBC upped their price target on shares of Bank of Nova Scotia from C$85.00 to C$87.00 in a research report on Wednesday, August 30th. BMO Capital Markets upped their price target on shares of Bank of Nova Scotia from C$83.00 to C$85.00 and gave the company an “outperform” rating in a research report on Wednesday, August 30th. Finally, Barclays PLC upped their price target on shares of Bank of Nova Scotia from C$86.00 to C$88.00 in a research report on Friday, August 11th.
In other Bank of Nova Scotia news, insider Kyle Mcnamara sold 3,036 shares of the company’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of C$80.53, for a total transaction of C$244,489.08. Also, insider Deborah Alexander sold 7,114 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of C$76.76, for a total transaction of C$546,070.64. In the last 90 days, insiders have sold 10,364 shares of company stock valued at $807,789.
Shares of Bank of Nova Scotia (TSE:BNS) opened at C$83.18 on Monday. Bank of Nova Scotia has a 12-month low of C$69.20 and a 12-month high of C$83.95.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Tuesday, October 3rd were given a dividend of $0.79 per share. The ex-dividend date was Monday, October 2nd. This represents a $3.16 dividend on an annualized basis and a yield of 3.80%. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $0.76. Bank of Nova Scotia’s dividend payout ratio is presently 46.73%.
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About Bank of Nova Scotia
The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
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