Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target decreased by Scotiabank from C$95.00 to C$94.00 in a report published on Wednesday. Scotiabank currently has an outperform rating on the bank’s stock.
Other equities research analysts have also issued reports about the stock. BMO Capital Markets restated an outperform rating and issued a C$85.00 price objective on shares of Bank of Nova Scotia in a report on Wednesday. National Bank Financial raised their price objective on shares of Bank of Nova Scotia from C$85.00 to C$86.00 and gave the company an outperform rating in a report on Wednesday, August 30th. CIBC raised their price objective on shares of Bank of Nova Scotia from C$87.00 to C$93.00 in a report on Monday, November 13th. Barclays raised their price objective on shares of Bank of Nova Scotia from C$86.00 to C$88.00 in a report on Friday, August 11th. Finally, Canaccord Genuity raised their price objective on shares of Bank of Nova Scotia from C$88.00 to C$92.00 in a report on Wednesday, November 1st. Eight research analysts have rated the stock with a buy rating, Bank of Nova Scotia currently has a consensus rating of Buy and a consensus target price of C$88.38.
Bank of Nova Scotia (BNS) opened at C$81.84 on Wednesday. Bank of Nova Scotia has a 1 year low of C$73.31 and a 1 year high of C$85.50.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Tuesday, January 2nd will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $3.16 annualized dividend and a yield of 3.86%. Bank of Nova Scotia’s dividend payout ratio is currently 47.00%.
In related news, insider Kyle Mcnamara sold 3,036 shares of Bank of Nova Scotia 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 Bank of Nova Scotia stock in a transaction on Tuesday, September 12th. The stock was 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 worth $807,789 over the last quarter.
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Bank of Nova Scotia Company Profile
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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