Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price upped by investment analysts at CIBC from C$79.00 to C$80.00 in a research note issued on Wednesday. The brokerage presently has a “sector perform” rating on the stock. CIBC’s target price points to a potential upside of 8.55% from the company’s previous close.

BNS has been the subject of a number of other reports. RBC Capital Markets raised 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 report on Wednesday, August 31st. Barclays PLC raised their price objective on shares of Bank of Nova Scotia from C$66.00 to C$68.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Desjardins raised their price objective on shares of Bank of Nova Scotia from C$71.00 to C$73.00 and gave the stock a “buy” rating in a research note on Wednesday, August 31st. Scotiabank raised their price objective 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. Finally, Royal Bank Of Canada raised their price objective 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. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$77.07.

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

Shares of Bank of Nova Scotia (TSE:BNS) traded up 0.50% during mid-day trading on Wednesday, reaching $74.07. The company had a trading volume of 1,333,126 shares. Bank of Nova Scotia has a 52-week low of $51.17 and a 52-week high of $74.38. The stock has a market capitalization of $89.24 billion and a P/E ratio of 13.11. The company’s 50-day moving average is $71.45 and its 200 day moving average is $67.85.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 27th. Stockholders of record on Tuesday, January 3rd will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.02%.

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In other news, Director Brian J. Porter sold 25,176 shares of the firm’s stock in a transaction on 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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