Bank of Nova Scotia (BNS) Price Target Raised to C$93.00 at CIBC

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price raised by CIBC from C$87.00 to C$93.00 in a research note released on Monday.

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.

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

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