Shares of Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have been given a consensus rating of “Buy” by the twelve ratings firms that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$85.83.

Several research analysts have weighed in on the company. Barclays PLC increased their price objective on Bank of Nova Scotia from C$86.00 to C$88.00 in a research report on Friday, August 11th. BMO Capital Markets increased their target price on Bank of Nova Scotia from C$83.00 to C$85.00 and gave the stock an “outperform” rating in a report on Wednesday, August 30th. CIBC increased their target price on Bank of Nova Scotia from C$85.00 to C$87.00 in a report on Wednesday, August 30th. Scotiabank reduced their target price on Bank of Nova Scotia from C$89.00 to C$88.00 and set an “outperform” rating on the stock in a report on Wednesday, August 30th. Finally, National Bank Financial increased their target price on Bank of Nova Scotia from C$85.00 to C$86.00 and gave the stock an “outperform” rating in a report on Wednesday, August 30th.

Shares of Bank of Nova Scotia (TSE:BNS) opened at 80.65 on Thursday. The firm has a market cap of $96.64 billion and a P/E ratio of 12.57. The stock has a 50 day moving average of $78.86 and a 200 day moving average of $77.72. Bank of Nova Scotia has a 52 week low of $69.20 and a 52 week high of $82.30.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Tuesday, October 3rd will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.92%. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $0.76. The ex-dividend date is Monday, October 2nd.

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In other news, insider Deborah Alexander sold 7,114 shares of Bank of Nova Scotia stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of C$76.76, for a total transaction of C$546,070.64. Also, insider Kyle Mcnamara sold 3,036 shares of Bank of Nova Scotia stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of C$80.53, for a total value of C$244,489.08. Insiders have sold 10,364 shares of company stock worth $807,789 over the last three months.

About Bank of Nova Scotia

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.

Analyst Recommendations for Bank of Nova Scotia (TSE:BNS)

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