Canaccord Genuity Boosts Bank of Nova Scotia (BNS) Price Target to C$92.00
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.
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