BMO Capital Markets reissued their outperform rating on shares of Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) in a research note released on Wednesday morning. BMO Capital Markets currently has a C$86.00 price objective on the bank’s stock.
Several other brokerages also recently weighed in on BNS. Citigroup boosted their target price on Bank of Nova Scotia from C$90.00 to C$93.00 in a research note on Friday, November 17th. National Bank Financial boosted 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 research note on Wednesday, August 30th. Canaccord Genuity boosted their target price on Bank of Nova Scotia from C$88.00 to C$92.00 in a research note on Wednesday, November 1st. Royal Bank Of Canada boosted their target price on Bank of Nova Scotia from C$87.00 to C$91.00 and gave the stock an outperform rating in a research note on Wednesday, November 29th. Finally, CIBC boosted their target price on Bank of Nova Scotia from C$85.00 to C$87.00 in a research note on Wednesday, August 30th. Eight investment analysts have rated the stock with a buy rating, The company has an average rating of Buy and an average price target of C$88.46.
Shares of Bank of Nova Scotia (BNS) traded up C$0.67 during trading hours on Wednesday, hitting C$81.81. The stock had a trading volume of 1,695,238 shares, compared to its average volume of 2,138,236. Bank of Nova Scotia has a twelve month low of C$73.31 and a twelve month high of C$85.50.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Tuesday, January 2nd will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $3.16 dividend on an annualized basis and a yield of 3.86%. Bank of Nova Scotia’s dividend payout ratio is currently 47.00%.
In other news, insider Kyle Mcnamara sold 3,036 shares of the business’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of C$80.53, for a total value of C$244,489.08. Also, insider Deborah Alexander sold 7,114 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of C$76.76, for a total value of C$546,070.64. In the last ninety days, insiders have sold 10,364 shares of company stock valued at $807,789.
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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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