Bank of Nova Scotia (BNS) Earns “Buy” Rating from Dundee Securities
Bank of Nova Scotia (TSE:BNS)‘s stock had its “buy” rating reissued by Dundee Securities in a note issued to investors on Wednesday. They currently have a C$78.00 price target on the stock. Dundee Securities’ target price would indicate a potential upside of 10.28% from the company’s previous close.
A number of other equities research analysts have also weighed in on BNS. RBC Capital Markets boosted their price target on Bank of Nova Scotia from C$72.00 to C$77.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 31st. Desjardins boosted their price target on Bank of Nova Scotia from C$71.00 to C$73.00 and gave the stock a “buy” rating in a research note on Wednesday, August 31st. Scotiabank boosted their price target on Bank of Nova Scotia from C$70.00 to C$76.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 31st. Barclays PLC boosted their price target on Bank of Nova Scotia from C$55.00 to C$60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 17th. Finally, Royal Bank Of Canada lifted their target price on Bank of Nova Scotia from C$72.00 to C$77.00 and gave the stock an “outperform” rating in a report on Wednesday, August 31st. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Bank of Nova Scotia presently has a consensus rating of “Buy” and an average target price of C$73.29.
Bank of Nova Scotia (TSE:BNS) traded up 0.43% during midday trading on Wednesday, reaching $70.73. 1,190,255 shares of the company traded hands. The firm has a 50-day moving average of $68.25 and a 200-day moving average of $65.06. The stock has a market capitalization of $85.22 billion and a P/E ratio of 12.52. Bank of Nova Scotia has a 1-year low of $51.17 and a 1-year high of $70.90.
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The business also recently declared a quarterly dividend, which will be paid on Thursday, October 27th. Shareholders of record on Tuesday, October 4th will be issued a $0.74 dividend. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $0.72. This represents a $2.96 dividend on an annualized basis and a yield of 4.18%.
In other Bank of Nova Scotia news, Director Brian J. Porter sold 25,176 shares of the business’s stock in a transaction that occurred on 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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