Bank of Nova Scotia Earns New C$85.00 P T at BMO Capital Markets




Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had the target price lifted by BMO Capital Markets from C$83.00 to C$85.00 in a study report announced on early Wed, Aug 30th. BMO Capital Markets presently has an outperform recommendation on the bank’s shares.

Bank of Nova Scotia (TSE BNS) transacted up 0.20% on early Wed, reaching $76.80. 866,556 stocks of the firms shares transacted hands. Market valuation of the company is $92.30 B and a price to earnings ratio of 11.99. Company’s 50 Day SMA is $77.61 and its 200 day SMA is $77.69. Bank of Nova Scotia has a 1 year low of $68.27 has a 1 year high of $82.30.

Many brokerage firms lately commented on BNS. Barclays raised their price objective on Bank of Nova Scotia from C$86.00 to C$88.00 in a study report published on Fri, Aug 11th. Royal Bank Of Canada raised their price objective on Bank of Nova Scotia from C$86.00 to C$87.00 and issued the company an outperform recommendation in a analysis report on Wed, May 31st. Lastly, Scotiabank raised their price objective on Bank of Nova Scotia from C$86.00 to C$89.00 and issued the company an outperform recommendation in a analysis report on Wed, May 31st. 1 equity analyst has recommended the share with a hold recommendation and nine has issued a buy recommendation to The corporation. The stock has a consensus recommendation of Buy and a consensus price objective of C$85.08.

As of late the company also announced a periodic dividend, expected to be paid on early Fri, Oct 27th. traders with a divided record date on Tue, Oct 3rd will be given a $0.79 dividend. This is a increase from Bank of Nova Scotia’s prior periodic dividend of $0.76. this indicates a $3.16 dividend on a yearly basis and a payout of 4.12%.

In other Bank of Nova Scotia news, Director Brian J. Porter bought 1,000 stocks of Bank of Nova Scotia shares in a trade that took place on Thurs, Jun 8th. the share was acquired at a consensus price of C$77.74 for a share, with a total value of C$77,740.00.




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