Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price lifted by National Bank Financial from C$85.00 to C$86.00 in a research note issued to investors on Wednesday. The firm currently has an outperform rating on the bank’s stock.

BNS has been the topic of a number of other reports. BMO Capital Markets increased their price target on Bank of Nova Scotia from C$83.00 to C$85.00 and gave the stock an outperform rating in a research report on Wednesday. Barclays PLC upgraded Bank of Nova Scotia from an equal weight rating to an overweight rating in a research report on Tuesday, May 23rd. Scotiabank increased their price target on Bank of Nova Scotia from C$86.00 to C$89.00 and gave the stock an outperform rating in a research report on Wednesday, May 31st. CIBC increased their price target on Bank of Nova Scotia from C$85.00 to C$87.00 in a research report on Wednesday. Finally, Royal Bank Of Canada increased their price target on Bank of Nova Scotia from C$86.00 to C$87.00 and gave the stock an outperform rating in a research report on Wednesday, May 31st. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of Buy and an average target price of C$85.08.

Shares of Bank of Nova Scotia (TSE BNS) opened at 77.72 on Wednesday. The stock has a market cap of $93.41 billion and a price-to-earnings ratio of 12.36. Bank of Nova Scotia has a 12 month low of $68.27 and a 12 month high of $82.30. The company has a 50-day moving average price of $77.82 and a 200-day moving average price of $77.89.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings results on Tuesday, May 30th. The bank reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.07. The business had revenue of $6.58 billion for the quarter, compared to analysts’ expectations of $6.61 billion. Bank of Nova Scotia had a return on equity of 14.58% and a net margin of 31.32%. On average, analysts expect that Bank of Nova Scotia will post $6.52 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This article was first reported by Watch List News and is the property of of Watch List News. If you are accessing this article on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark law. The legal version of this article can be viewed at https://www.watchlistnews.com/bank-of-nova-scotia-bns-given-new-c86-00-price-target-at-national-bank-financial/1533582.html.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Tuesday, October 3rd will be given a $0.79 dividend. This is a boost from Bank of Nova Scotia’s previous quarterly dividend of $0.76. This represents a $3.16 annualized dividend and a yield of 4.07%.

In other Bank of Nova Scotia news, Director Brian J. Porter bought 1,000 shares of the stock in a transaction that occurred on Thursday, June 8th. The shares were purchased at an average cost of C$77.74 per share, for a total transaction of C$77,740.00.

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.