Bank of Nova Scotia (BNS) Given a C$86.00 Price Target by BMO Capital Markets Analysts

BMO Capital Markets set a C$86.00 target price on Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) in a research note released on Friday. The firm currently has an outperform rating on the bank’s stock.

A number of other research firms have also recently weighed in on BNS. Citigroup upped their price target on Bank of Nova Scotia from C$90.00 to C$93.00 in a report on Friday, November 17th. Canaccord Genuity upped their price target on Bank of Nova Scotia from C$88.00 to C$92.00 in a report on Wednesday, November 1st. CIBC upped their price target on Bank of Nova Scotia from C$87.00 to C$93.00 in a report on Monday, November 13th. CSFB upped their price target on Bank of Nova Scotia from C$84.00 to C$86.00 in a report on Friday, January 19th. Finally, Royal Bank of Canada upped their price target on Bank of Nova Scotia from C$87.00 to C$91.00 and gave the stock an outperform rating in a report on Wednesday, November 29th. Eight equities research analysts have rated the stock with a buy rating, The stock has an average rating of Buy and a consensus price target of C$89.17.

Bank of Nova Scotia (BNS) opened at C$80.01 on Friday. The firm has a market capitalization of $95,980.00, a P/E ratio of 12.33 and a beta of 0.86. Bank of Nova Scotia has a fifty-two week low of C$73.31 and a fifty-two week high of C$85.50.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings results on Tuesday, November 28th. The bank reported C$1.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$1.68 by C($0.03). The company had revenue of C$6.81 billion during the quarter, compared to analysts’ expectations of C$7.05 billion. Bank of Nova Scotia had a return on equity of 14.64% and a net margin of 30.39%. During the same quarter in the prior year, the company earned $1.58 EPS.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 29th. Stockholders of record on Tuesday, January 2nd were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend was Friday, December 29th. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 47.00%.

In other news, insider Barbara Frances Mason sold 20,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of C$82.60, for a total transaction of C$1,652,000.00.

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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.

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

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