Trading Report: Today, Bank of Nova Scotia (BNS) Receives C$74.07 Consensus Price Target from Analysts

Today, Bank of Nova Scotia (BNS) Receives C$74.07 Consensus Price Target from Analysts

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has been given an average rating of “Buy” by the fourteen ratings firms that are presently covering the company. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$74.29.

Several equities research analysts have recently weighed in on BNS shares. Citigroup Inc. increased their target price on shares of Bank of Nova Scotia from C$70.00 to C$76.00 in a research note on Wednesday, September 14th. Dundee Securities reiterated a “buy” rating and set a C$78.00 target price on shares of Bank of Nova Scotia in a research note on Wednesday, September 21st. Royal Bank Of Canada increased their target price on shares of 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 increased their target price on shares of Bank of Nova Scotia from C$73.00 to C$75.00 in a research note on Monday, November 14th. Finally, Canaccord Genuity increased their target price on shares of Bank of Nova Scotia from C$73.00 to C$75.00 and gave the stock a “buy” rating in a research note on Wednesday, August 31st.

In other Bank of Nova Scotia news, Director Brian J. Porter sold 25,176 shares of the stock in a transaction dated 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.

Shares of Bank of Nova Scotia (TSE:BNS) opened at 72.62 on Tuesday. The firm has a market capitalization of $87.49 billion and a PE ratio of 12.86. Bank of Nova Scotia has a 12-month low of $51.17 and a 12-month high of $73.01. The company has a 50-day moving average price of $71.28 and a 200 day moving average price of $67.62.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 27th. Shareholders of record on Tuesday, October 4th were issued a $0.74 dividend. The ex-dividend date was Friday, September 30th. This is a boost 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 4.08%.

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