Barclays PLC Increases Bank of Nova Scotia (BNS) Price Target to C$68.00
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective boosted by Barclays PLC from C$66.00 to C$68.00 in a report issued on Tuesday. The firm currently has an “equal weight” rating on the stock. Barclays PLC’s price objective would indicate a potential downside of 7.93% from the company’s previous close.
Several other brokerages have also commented on BNS. Citigroup Inc. lifted their price objective on Bank of Nova Scotia from C$70.00 to C$76.00 in a report on Wednesday, September 14th. Dundee Securities reaffirmed a “buy” rating and issued a C$78.00 price objective on shares of Bank of Nova Scotia in a report on Wednesday, September 21st. Royal Bank Of Canada lifted their price objective on Bank of Nova Scotia from C$72.00 to C$77.00 and gave the stock an “outperform” rating in a report on Wednesday, August 31st. Desjardins lifted their price objective on Bank of Nova Scotia from C$73.00 to C$75.00 in a report on Monday, November 14th. Finally, Canaccord Genuity lifted their price objective on Bank of Nova Scotia from C$73.00 to C$75.00 and gave the stock a “buy” rating in a report on Wednesday, August 31st. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$74.43.
Bank of Nova Scotia (TSE:BNS) traded up 2.00% during mid-day trading on Tuesday, hitting $73.97. The company’s stock had a trading volume of 1,610,861 shares. Bank of Nova Scotia has a 52-week low of $51.17 and a 52-week high of $74.09. The company’s 50 day moving average is $71.45 and its 200-day moving average is $67.85. The stock has a market cap of $89.12 billion and a P/E ratio of 13.10.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 27th. Stockholders of record on Tuesday, January 3rd will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.01%.
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In other news, Director Brian J. Porter sold 25,176 shares of the company’s stock in a transaction dated Thursday, September 8th. The stock was 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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