Bank of Nova Scotia (BNS) Given Average Rating of “Buy” by Analysts
Bank of Nova Scotia (TSE:BNS) has earned an average rating of “Buy” from the fourteen research firms that are covering the firm. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$73.29.
A number of research firms have recently commented on BNS. Barclays PLC boosted their price objective on Bank of Nova Scotia from C$60.00 to C$63.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 31st. Keefe, Bruyette & Woods boosted their price objective on Bank of Nova Scotia from C$60.00 to C$64.00 in a research note on Thursday, August 18th. Desjardins boosted their price objective 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. National Bank Financial boosted their price objective on Bank of Nova Scotia from C$66.00 to C$70.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 31st. Finally, Scotiabank boosted their price objective 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.
In other news, Director Brian J. Porter sold 25,176 shares of Bank of Nova Scotia stock in a transaction on Thursday, September 8th. The stock was sold at an average price of C$70.17, for a total transaction of C$1,766,599.92.
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Bank of Nova Scotia (TSE:BNS) traded up 0.84% during mid-day trading on Tuesday, hitting $70.71. The company had a trading volume of 848,039 shares. The company’s 50 day moving average price is $70.01 and its 200-day moving average price is $66.04. The company has a market cap of $85.19 billion and a PE ratio of 12.52. Bank of Nova Scotia has a one year low of $51.17 and a one year high of $71.26.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Tuesday, October 4th will be issued a dividend of $0.74 per share. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $0.72. The ex-dividend date is Friday, September 30th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.22%.
About Bank of Nova Scotia
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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