Several other equities analysts also recently issued reports on the stock. National Bank Financial lifted their price target 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. Scotiabank cut their price target on shares of Bank of Nova Scotia from C$89.00 to C$88.00 and set an outperform rating for the company in a report on Wednesday, August 30th. BMO Capital Markets lifted their price target on shares of Bank of Nova Scotia from C$83.00 to C$85.00 and gave the company an outperform rating in a report on Wednesday, August 30th. Canaccord Genuity lifted their price target on shares of Bank of Nova Scotia from C$88.00 to C$92.00 in a report on Wednesday, November 1st. Finally, Barclays PLC boosted their target price on shares of Bank of Nova Scotia from C$86.00 to C$88.00 in a research note on Friday, August 11th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Bank of Nova Scotia presently has an average rating of Buy and a consensus target price of C$87.00.
Shares of Bank of Nova Scotia (BNS) traded down C$0.30 during mid-day trading on Monday, reaching C$82.90. 744,129 shares of the company traded hands, compared to its average volume of 2,171,195. Bank of Nova Scotia has a 12-month low of C$69.20 and a 12-month high of C$83.95.
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The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Stockholders 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 was Monday, October 2nd. This represents a $3.16 annualized dividend and a dividend yield of 3.81%. Bank of Nova Scotia’s payout ratio is currently 46.73%.
In related news, insider Kyle Mcnamara sold 3,036 shares of the business’s stock in a transaction that occurred 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 business’s stock in a transaction that occurred 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. In the last 90 days, insiders have sold 10,364 shares of company stock valued at $807,789.
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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