Royal Bank Of Canada Increases Bank of Nova Scotia (BNS) Price Target to C$78.00
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective upped by equities research analysts at Royal Bank Of Canada from C$76.00 to C$78.00 in a research note issued to investors on Wednesday. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 5.83% from the company’s previous close.
BNS has been the topic of several other research reports. Desjardins lifted their price target on Bank of Nova Scotia from C$70.00 to C$71.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Canaccord Genuity lifted their price target on Bank of Nova Scotia from C$75.00 to C$78.00 in a research report on Tuesday, November 22nd. Keefe, Bruyette & Woods lifted their price target on Bank of Nova Scotia from C$60.00 to C$64.00 in a research report on Thursday, August 18th. Barclays PLC lifted their price target on Bank of Nova Scotia from C$63.00 to C$66.00 in a research report on Monday, November 21st. Finally, CSFB reaffirmed a “neutral” rating and set a C$78.00 price target on shares of Bank of Nova Scotia in a research report on Tuesday, November 15th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$75.07.
Shares of Bank of Nova Scotia (TSE:BNS) traded up 0.47% on Wednesday, hitting $74.05. The stock had a trading volume of 1,200,723 shares. The stock has a market cap of $89.22 billion and a P/E ratio of 13.11. Bank of Nova Scotia has a 12 month low of $51.17 and a 12 month high of $74.38. The firm has a 50 day moving average of $71.45 and a 200 day moving average of $67.85.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 27th. Investors 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 4.02%.
In related news, Director Brian J. Porter sold 25,176 shares of Bank of Nova Scotia 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 value 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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