Bank of Nova Scotia (BNS) Receives Buy Rating from Dundee Securities
Bank of Nova Scotia (TSE:BNS)‘s stock had its “buy” rating reaffirmed by equities researchers at Dundee Securities in a research report issued on Wednesday. They presently have a C$78.00 price objective on the stock. Dundee Securities’ price objective indicates a potential upside of 10.75% from the stock’s current price.
A number of other equities analysts have also recently weighed in on BNS. National Bank Financial lifted their price target on shares of Bank of Nova Scotia from C$64.00 to C$66.00 in a research report on Wednesday, June 1st. Royal Bank Of Canada reissued an “outperform” rating and set a C$72.00 price target on shares of Bank of Nova Scotia in a research report on Wednesday, June 1st. Barclays PLC lifted their price target on shares of Bank of Nova Scotia from C$51.00 to C$55.00 in a research report on Wednesday, June 1st. Scotiabank lifted their price target on shares of Bank of Nova Scotia from C$69.00 to C$71.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 1st. Finally, Desjardins lifted their price target on shares of Bank of Nova Scotia from C$70.00 to C$71.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of C$73.29.
Bank of Nova Scotia (TSE:BNS) traded up 0.28% during trading on Wednesday, hitting $70.63. 596,824 shares of the stock were exchanged. The firm has a market capitalization of $85.09 billion and a PE ratio of 12.51. Bank of Nova Scotia has a 12-month low of $51.17 and a 12-month high of $70.90. The stock has a 50 day moving average price of $68.25 and a 200-day moving average price of $65.06.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/bank-of-nova-scotia-bns-receives-buy-rating-from-dundee-securities.html
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 27th. Shareholders of record on Tuesday, October 4th will be paid a $0.74 dividend. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $0.72. This represents a $2.96 annualized dividend and a yield of 4.20%.
In other Bank of Nova Scotia news, Director Brian J. Porter sold 25,176 shares of Bank of Nova Scotia stock in a transaction on Thursday, September 8th. The shares were 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.
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.