Bank of Nova Scotia (BNS) Given New C$86.00 Price Target at National Bank Financial
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.
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.
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