Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective lifted by CIBC from C$85.00 to C$87.00 in a research report released on Wednesday.

A number of other equities research analysts also recently weighed in on the company. Scotiabank lifted their target price on Bank of Nova Scotia from C$86.00 to C$89.00 and gave the stock an outperform rating in a report on Wednesday, May 31st. Barclays PLC lifted 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 report on Tuesday, May 30th. Royal Bank Of Canada lifted 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 report on Wednesday, May 31st. Finally, BMO Capital Markets lifted 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 report on Wednesday. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Bank of Nova Scotia has an average rating of Buy and an average price target of C$85.08.

Bank of Nova Scotia (TSE BNS) opened at 77.69 on Wednesday. The firm has a market capitalization of $93.37 billion and a price-to-earnings ratio of 12.12. The company has a 50 day moving average price of $77.68 and a 200 day moving average price of $77.81. Bank of Nova Scotia has a 12 month low of $68.27 and a 12 month high of $82.30.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Tuesday, October 3rd will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 4.07%. This is a boost from Bank of Nova Scotia’s previous quarterly dividend of $0.76.

In other news, Director Brian J. Porter acquired 1,000 shares of Bank of Nova Scotia stock in a transaction on Thursday, June 8th. The stock was purchased at an average price of C$77.74 per share, with a total value 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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