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.
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