Bank of Nova Scotia (BNS) Given New C$77.00 Price Target at Keefe, Bruyette & Woods
A number of other equities research analysts have also recently commented on BNS. Desjardins increased their target price on Bank of Nova Scotia from C$70.00 to C$71.00 and gave the company a buy rating in a report on Wednesday, August 3rd. Barclays PLC increased their target price on Bank of Nova Scotia from C$55.00 to C$60.00 and gave the company an equal weight rating in a report on Wednesday, August 17th. TD Securities increased their target price on Bank of Nova Scotia from C$70.00 to C$74.00 and gave the company a buy rating in a report on Tuesday, August 30th. Royal Bank Of Canada increased their target price on 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. Finally, Canaccord Genuity raised their price objective on Bank of Nova Scotia from C$73.00 to C$75.00 and gave the stock a buy rating in a report on Wednesday, August 31st. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Bank of Nova Scotia currently has a consensus rating of Buy and a consensus price target of C$77.14.
Shares of Bank of Nova Scotia (TSE:BNS) opened at 74.14 on Wednesday. Bank of Nova Scotia has a one year low of $51.17 and a one year high of $74.46. The firm’s 50-day moving average price is $71.45 and its 200 day moving average price is $67.85. The stock has a market cap of $89.32 billion and a P/E ratio of 13.13.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 27th. Shareholders of record on Tuesday, January 3rd will be given a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 3.99%.
In other Bank of Nova Scotia news, Director Brian J. Porter sold 25,176 shares of the firm’s stock in a transaction dated 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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