Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price upped by stock analysts at Desjardins from C$73.00 to C$75.00 in a report issued on Monday. Desjardins’ target price would indicate a potential upside of 6.52% from the stock’s current price.

BNS has been the subject of a number of other research reports. RBC Capital Markets boosted their target price on shares of Bank of Nova Scotia from C$72.00 to C$77.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 31st. Scotiabank boosted their target price on shares of Bank of Nova Scotia from C$70.00 to C$76.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 31st. Barclays PLC boosted their target price on shares of Bank of Nova Scotia from C$55.00 to C$60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 17th. Royal Bank Of Canada boosted their target price on shares of Bank of Nova Scotia from C$72.00 to C$77.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 31st. Finally, Citigroup Inc. upped their price objective on shares of Bank of Nova Scotia from C$70.00 to C$76.00 in a research note on Wednesday, September 14th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$73.86.

Analyst Recommendations for Bank of Nova Scotia (TSE:BNS)

Shares of Bank of Nova Scotia (TSE:BNS) opened at 70.41 on Monday. The company has a market cap of $84.83 billion and a P/E ratio of 12.47. The firm has a 50-day moving average of $70.85 and a 200 day moving average of $67.22. Bank of Nova Scotia has a 52 week low of $51.17 and a 52 week high of $72.56.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 27th. Shareholders of record on Tuesday, October 4th were issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 4.20%. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Friday, September 30th.

In other news, Director Brian J. Porter sold 25,176 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of C$70.17, for a total value of C$1,766,599.92.

About Bank of Nova Scotia

The Bank of Nova Scotia (Scotiabank or the Bank) is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. The Company’s segments include Canadian Banking, International Banking, Global Banking and Markets (GBM), and Other.

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