Shares of Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have earned an average rating of “Buy” from the fourteen ratings firms that are presently covering the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$74.29.

Several equities research analysts have recently weighed in on the company. Canaccord Genuity increased their price target on Bank of Nova Scotia from C$75.00 to C$78.00 in a report on Tuesday. Barclays PLC increased their price target on Bank of Nova Scotia from C$63.00 to C$66.00 in a report on Monday. Desjardins increased their price target on Bank of Nova Scotia from C$73.00 to C$75.00 in a report on Monday, November 14th. CIBC increased their price target on Bank of Nova Scotia from C$72.00 to C$74.00 in a report on Tuesday, September 6th. Finally, Dundee Securities reiterated a “buy” rating and issued a C$78.00 price target on shares of Bank of Nova Scotia in a report on Wednesday, September 21st.

In other Bank of Nova Scotia news, Director Brian J. Porter sold 25,176 shares of the stock in a transaction 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.

Bank of Nova Scotia (TSE:BNS) opened at 72.62 on Tuesday. The stock has a market cap of $87.49 billion and a PE ratio of 12.86. The stock has a 50 day moving average price of $71.28 and a 200 day moving average price of $67.62. Bank of Nova Scotia has a 1-year low of $51.17 and a 1-year high of $73.01.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 27th. Shareholders of record on Tuesday, October 4th were given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 4.08%. The ex-dividend date was Friday, September 30th. This is a boost from Bank of Nova Scotia’s previous quarterly dividend of $0.72.

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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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