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%.

WARNING: This piece was originally published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://www.watchlistnews.com/bank-of-nova-scotia-bns-given-average-recommendation-of-buy-by-brokerages/1699677.html.

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.

Analyst Recommendations for Bank of Nova Scotia (TSE:BNS)

Receive News & Ratings for Bank of Nova Scotia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Nova Scotia and related companies with Analyst Ratings Network's FREE daily email newsletter.