Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price hoisted by research analysts at TD Securities from C$80.00 to C$83.00 in a research note issued on Wednesday. The firm currently has an “action list buy” rating on the stock. TD Securities’ price objective points to a potential upside of 12.62% from the stock’s current price.

BNS has been the subject of several other research reports. RBC Capital Markets upped their target price on shares of Bank of Nova Scotia from C$72.00 to C$77.00 and gave the company an “outperform” rating in a research note on Wednesday, August 31st. Barclays PLC upped their target price on shares of Bank of Nova Scotia from C$66.00 to C$68.00 and gave the company an “equal weight” rating in a research note on Tuesday. Desjardins upped their price target on shares of Bank of Nova Scotia from C$71.00 to C$73.00 and gave the company a “buy” rating in a report on Wednesday, August 31st. Scotiabank upped their price target on shares of Bank of Nova Scotia from C$70.00 to C$76.00 and gave the company an “outperform” rating in a report on Wednesday, August 31st. Finally, Royal Bank Of Canada upped their price target on shares of Bank of Nova Scotia from C$72.00 to C$77.00 and gave the company an “outperform” rating in a report on Wednesday, August 31st. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Bank of Nova Scotia presently 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% on Wednesday, reaching $74.07. 1,333,126 shares of the company traded hands. 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 cap of $89.24 billion and a price-to-earnings ratio of 13.11. The stock has a 50 day moving average of $71.45 and a 200 day moving average of $67.85.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 27th. Shareholders 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 yield of 4.02%.

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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 shares were 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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