Brokerages Set Bank of Nova Scotia (BNS) Target Price at $89.17
Shares of Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have earned an average rating of “Buy” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$89.17.
A number of research analysts recently commented on BNS shares. Citigroup increased their target price on Bank of Nova Scotia from C$90.00 to C$93.00 in a research note on Friday, November 17th. CSFB increased their target price on Bank of Nova Scotia from C$84.00 to C$86.00 in a research note on Friday, January 19th. Royal Bank of Canada increased their target price on Bank of Nova Scotia from C$87.00 to C$91.00 and gave the company an “outperform” rating in a research note on Wednesday, November 29th. Canaccord Genuity increased their target price on Bank of Nova Scotia from C$88.00 to C$92.00 in a research note on Wednesday, November 1st. Finally, Scotiabank reduced their target price on Bank of Nova Scotia from C$95.00 to C$94.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 29th.
Bank of Nova Scotia (TSE:BNS) traded up C$0.06 on Friday, reaching C$81.56. The company had a trading volume of 1,176,122 shares, compared to its average volume of 1,835,012. The company has a market capitalization of $97,840.00, a PE ratio of 12.55 and a beta of 0.88. Bank of Nova Scotia has a 1-year low of C$73.31 and a 1-year high of C$85.50.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 29th. Shareholders of record on Tuesday, January 2nd were given a dividend of $0.79 per share. The ex-dividend date was Friday, December 29th. This represents a $3.16 annualized dividend and a yield of 3.87%. Bank of Nova Scotia’s payout ratio is 47.00%.
In other Bank of Nova Scotia news, insider Barbara Frances Mason sold 20,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of C$82.60, for a total transaction of C$1,652,000.00.
COPYRIGHT VIOLATION NOTICE: “Brokerages Set Bank of Nova Scotia (BNS) Target Price at $89.17” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2018/01/30/brokerages-set-bank-of-nova-scotia-bns-target-price-at-89-17.html.
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.
Receive News & Ratings for Bank of Nova Scotia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Nova Scotia and related companies with MarketBeat.com's FREE daily email newsletter.