Bank of Nova Scotia (TSE:BNS) (NYSE:BNS)‘s stock had its “neutral” rating reiterated by equities research analysts at CSFB in a research note issued on Tuesday. They presently have a C$78.00 target price on the stock. CSFB’s price target points to a potential upside of 10.47% from the company’s current price.

Several other equities research analysts have also commented on BNS. Desjardins upped their target price on Bank of Nova Scotia from C$70.00 to C$71.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Barclays PLC upped their target price on Bank of Nova Scotia from C$55.00 to C$60.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 17th. Keefe, Bruyette & Woods upped their target price on Bank of Nova Scotia from C$60.00 to C$64.00 in a research report on Thursday, August 18th. TD Securities upped their target price on Bank of Nova Scotia from C$70.00 to C$74.00 and gave the company a “buy” rating in a research report on Tuesday, August 30th. Finally, Royal Bank Of Canada upped their target price on Bank of Nova Scotia from C$72.00 to C$77.00 and gave the company an “outperform” rating in a research report on Wednesday, August 31st. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Bank of Nova Scotia presently has a consensus rating of “Buy” and an average price target of C$73.86.

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

Bank of Nova Scotia (TSE:BNS) opened at 70.61 on Tuesday. The firm has a market capitalization of $85.07 billion and a price-to-earnings ratio of 12.50. Bank of Nova Scotia has a 12-month low of $51.17 and a 12-month high of $72.56. The company’s 50 day moving average price is $70.86 and its 200-day moving average price is $67.25.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 27th. Stockholders of record on Tuesday, October 4th were issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date was Friday, September 30th. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $0.72.

In related news, Director Brian J. Porter sold 25,176 shares of the stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of C$70.17, for a total transaction 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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