Bank of Nova Scotia (BNS) Given New C$86.00 Price Target at CSFB

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price boosted by CSFB from C$84.00 to C$86.00 in a research report sent to investors on Friday.

Several other research firms also recently issued reports on BNS. Scotiabank cut their target price on Bank of Nova Scotia from C$95.00 to C$94.00 and set an outperform rating on the stock in a research report on Wednesday, November 29th. CIBC upped their target price on Bank of Nova Scotia from C$87.00 to C$93.00 in a research report on Monday, November 13th. Royal Bank of Canada upped their target price on Bank of Nova Scotia from C$87.00 to C$91.00 and gave the company an outperform rating in a research report on Wednesday, November 29th. National Bank Financial upped their target price on Bank of Nova Scotia from C$86.00 to C$88.00 and gave the company an outperform rating in a research report on Wednesday, November 29th. Finally, Canaccord Genuity upped their target price on Bank of Nova Scotia from C$88.00 to C$92.00 in a research report on Wednesday, November 1st. Eight investment analysts have rated the stock with a buy rating, Bank of Nova Scotia has an average rating of Buy and an average target price of C$89.17.

Bank of Nova Scotia (TSE:BNS) traded up C$0.34 during midday trading on Friday, hitting C$81.99. The company had a trading volume of 2,837,500 shares, compared to its average volume of 1,740,000. Bank of Nova Scotia has a 52-week low of C$73.31 and a 52-week high of C$85.50. The firm has a market cap of $98,360.00, a P/E ratio of 12.63 and a beta of 0.88.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Tuesday, January 2nd will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 3.85%. The ex-dividend date is Friday, December 29th. Bank of Nova Scotia’s payout ratio is 47.00%.

In other Bank of Nova Scotia news, insider Barbara Frances Mason sold 20,000 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of C$82.60, for a total value of C$1,652,000.00.

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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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