Bank of Nova Scotia (BNS) Reaches New 12-Month High at $83.71

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$83.71 and last traded at C$83.59, with a volume of 702,870 shares changing hands. The stock had previously closed at C$82.87.

A number of equities analysts recently issued reports on the company. Canaccord Genuity lifted their target price on Bank of Nova Scotia from C$88.00 to C$92.00 in a report on Wednesday. BMO Capital Markets lifted 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. Scotiabank decreased 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. National Bank Financial lifted 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. Finally, Barclays PLC lifted their target price on Bank of Nova Scotia from C$86.00 to C$88.00 in a report on Friday, August 11th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$86.50.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Tuesday, October 3rd were given a dividend of $0.79 per share. This is a boost from Bank of Nova Scotia’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Monday, October 2nd. This represents a $3.16 annualized dividend and a dividend yield of 3.79%.

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

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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.

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