Bank of Nova Scotia (BNS) Price Target Raised to C$66.00 at Barclays PLC
Several other research firms have also commented on BNS. National Bank Financial increased their target price on shares of Bank of Nova Scotia from C$66.00 to C$70.00 and gave the company a sector perform rating in a research note on Wednesday, August 31st. TD Securities increased their target price on shares of Bank of Nova Scotia from C$70.00 to C$74.00 and gave the company a buy rating in a research note on Tuesday, August 30th. Canaccord Genuity increased their target price on shares of Bank of Nova Scotia from C$73.00 to C$75.00 and gave the company a buy rating in a research note on Wednesday, August 31st. Desjardins upped their price target on shares of 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. Finally, Keefe, Bruyette & Woods upped their price target on shares of Bank of Nova Scotia from C$60.00 to C$64.00 in a research report on Thursday, August 18th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of C$74.07.
Shares of Bank of Nova Scotia (TSE:BNS) opened at 72.62 on Monday. The firm has a 50-day moving average of $71.01 and a 200 day moving average of $67.47. Bank of Nova Scotia has a 1-year low of $51.17 and a 1-year high of $72.79. The stock has a market capitalization of $87.49 billion and a PE ratio of 12.86.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 27th. Investors of record on Tuesday, October 4th were issued a dividend of $0.74 per share. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $0.72. This represents a $2.96 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend was Friday, September 30th.
In related news, Director Brian J. Porter sold 25,176 shares of Bank of Nova Scotia stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of C$70.17, for a total transaction of C$1,766,599.92.
Bank of Nova Scotia Company Profile
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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