Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price reduced by Scotiabank from C$89.00 to C$88.00 in a research report released on Wednesday morning. They currently have an outperform rating on the bank’s stock.

Several other research analysts also recently commented on the company. Barclays PLC raised their target price on Bank of Nova Scotia from C$84.00 to C$86.00 and gave the stock an overweight rating in a research note on Tuesday, May 30th. Royal Bank Of Canada raised their target price on Bank of Nova Scotia from C$86.00 to C$87.00 and gave the stock an outperform rating in a research note on Wednesday, May 31st. CIBC raised their target price on Bank of Nova Scotia from C$85.00 to C$87.00 in a research note on Wednesday. National Bank Financial raised their target price on Bank of Nova Scotia from C$85.00 to C$86.00 and gave the stock an outperform rating in a research note on Wednesday. Finally, BMO Capital Markets raised their target price on Bank of Nova Scotia from C$83.00 to C$85.00 and gave the stock an outperform rating in a research note on Wednesday. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of C$85.08.

Bank of Nova Scotia (TSE:BNS) opened at 77.69 on Wednesday. The company has a market capitalization of $93.37 billion and a PE ratio of 12.12. Bank of Nova Scotia has a 52-week low of $68.27 and a 52-week high of $82.30. The firm’s 50-day moving average is $77.68 and its 200-day moving average is $77.81.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its earnings results on Tuesday, May 30th. The bank reported $1.63 EPS for the quarter, topping the consensus estimate of $1.56 by $0.07. Bank of Nova Scotia had a return on equity of 14.58% and a net margin of 31.32%. The business had revenue of $6.58 billion during the quarter, compared to the consensus estimate of $6.61 billion. On average, equities research analysts forecast that Bank of Nova Scotia will post $6.53 EPS for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Tuesday, October 3rd will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.07%. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $0.76.

In other Bank of Nova Scotia news, Director Brian J. Porter purchased 1,000 shares of the company’s stock in a transaction dated Thursday, June 8th. The stock was purchased at an average price of C$77.74 per share, for a total transaction of C$77,740.00.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

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

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