Bank of Nova Scotia (TSE:BNS) PT Raised to C$85.00 at BMO Capital Markets

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price lifted by BMO Capital Markets from C$83.00 to C$85.00 in a research note released on Wednesday, August 30th. The brokerage currently has an outperform rating on the bank’s stock.

A number of other brokerages have also issued reports on BNS. Royal Bank Of Canada raised their price objective on shares of Bank of Nova Scotia from C$86.00 to C$87.00 and gave the company an outperform rating in a report on Wednesday, May 31st. Barclays PLC raised their price target on shares of Bank of Nova Scotia from C$86.00 to C$88.00 in a report on Friday, August 11th. Finally, Scotiabank raised their price target on shares of Bank of Nova Scotia from C$86.00 to C$89.00 and gave the stock an outperform rating in a report on Wednesday, May 31st. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of C$85.83.

Shares of Bank of Nova Scotia (BNS) opened at 77.00 on Wednesday. The stock has a market capitalization of $92.27 billion and a PE ratio of 12.00. Bank of Nova Scotia has a 12 month low of $69.05 and a 12 month high of $82.30. The company’s 50-day moving average is $77.32 and its 200-day moving average is $77.51.

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The firm also recently declared 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 represents a $3.16 annualized dividend and a yield of 4.10%. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $0.76.

In related news, insider Deborah Alexander sold 7,114 shares of Bank of Nova Scotia stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of C$76.76, for a total value of C$546,070.64.

Bank of Nova Scotia Company Profile

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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