Bank of Nova Scotia (BNS) PT Lowered to C$83.00 at Barclays

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective reduced by Barclays from C$85.00 to C$83.00 in a research report sent to investors on Wednesday.

A number of other brokerages also recently weighed in on BNS. National Bank Financial lowered their target price on shares of Bank of Nova Scotia from C$85.00 to C$81.00 and set a sector perform rating for the company in a research note on Wednesday, August 29th. TD Securities lowered their target price on shares of Bank of Nova Scotia from C$95.00 to C$90.00 and set a buy rating for the company in a research note on Wednesday, August 29th. Eight Capital lifted their target price on shares of Bank of Nova Scotia from C$93.00 to C$94.00 in a research note on Wednesday, August 29th. BMO Capital Markets reissued an outperform rating and set a C$85.00 target price on shares of Bank of Nova Scotia in a research note on Wednesday. Finally, CIBC lowered their target price on shares of Bank of Nova Scotia from C$88.00 to C$86.00 in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Bank of Nova Scotia currently has an average rating of Buy and an average target price of C$86.08.

Shares of TSE BNS opened at C$72.30 on Wednesday. Bank of Nova Scotia has a twelve month low of C$69.01 and a twelve month high of C$83.79.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 29th. Shareholders of record on Wednesday, January 2nd will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 4.70%. The ex-dividend date is Monday, December 31st. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 48.64%.

In related news, Director Una Marie Power purchased 3,283 shares of the firm’s stock in a transaction on Monday, October 1st. The stock was purchased at an average cost of C$76.19 per share, with a total value of C$250,131.77. Also, Director Brian J. Porter purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was bought at an average cost of C$75.18 per share, with a total value of C$375,900.00. Over the last ninety days, insiders acquired 13,122 shares of company stock valued at $991,770.

About Bank of Nova Scotia

The Bank of Nova Scotia provides various financial services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. It offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and related creditor insurance to individuals and small businesses; and commercial banking solutions comprising lending, deposit, cash management, and trade finance solutions to medium and large businesses, including automotive dealers and their customers.

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