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.
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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