Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price hoisted by Canaccord Genuity from C$88.00 to C$92.00 in a report issued on Wednesday morning.

Other equities research analysts have also recently issued research reports about the company. Barclays PLC increased their price target on Bank of Nova Scotia from C$86.00 to C$88.00 in a report on Friday, August 11th. CIBC increased their price target on Bank of Nova Scotia from C$85.00 to C$87.00 in a report on Wednesday, August 30th. Scotiabank cut their price target on Bank of Nova Scotia from C$89.00 to C$88.00 and set an outperform rating for the company in a report on Wednesday, August 30th. National Bank Financial increased their price target on Bank of Nova Scotia from C$85.00 to C$86.00 and gave the company an outperform rating in a report on Wednesday, August 30th. Finally, BMO Capital Markets increased their price target on Bank of Nova Scotia from C$83.00 to C$85.00 and gave the company an outperform rating in a report on Wednesday, August 30th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Bank of Nova Scotia presently has a consensus rating of Buy and an average price target of C$86.50.

Shares of Bank of Nova Scotia (BNS) opened at C$83.65 on Wednesday.

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The firm also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Tuesday, October 3rd were paid a dividend of $0.79 per share. This is a boost from Bank of Nova Scotia’s previous quarterly dividend of $0.76. The ex-dividend date was Monday, October 2nd. This represents a $3.16 annualized dividend and a yield of 3.78%.

In other Bank of Nova Scotia news, insider Kyle Mcnamara sold 3,036 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was 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 firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of C$76.76, for a total value of C$546,070.64. In the last three months, insiders have sold 10,364 shares of company stock valued at $807,789.

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)

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