Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target upped by Desjardins from C$91.00 to C$92.00 in a research note issued to investors on Wednesday. Desjardins currently has a buy rating on the bank’s stock. Desjardins also issued estimates for Bank of Nova Scotia’s Q2 2018 earnings at $1.66 EPS, Q3 2018 earnings at $1.77 EPS, Q4 2018 earnings at $1.79 EPS, FY2018 earnings at $6.95 EPS and FY2019 earnings at $7.50 EPS.
A number of other research analysts have also recently commented on the company. Royal Bank of Canada raised their target price on Bank of Nova Scotia from C$92.00 to C$95.00 and gave the company an outperform rating in a research note on Wednesday. BMO Capital Markets set a C$86.00 target price on Bank of Nova Scotia and gave the company an outperform rating in a research note on Friday, February 2nd. CSFB raised their target price on Bank of Nova Scotia from C$84.00 to C$86.00 in a research note on Friday, January 19th. National Bank Financial raised 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 note on Wednesday, November 29th. Finally, Scotiabank lowered their target price on Bank of Nova Scotia from C$95.00 to C$94.00 and set an outperform rating for the company in a research note on Wednesday, November 29th. Eight analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and an average target price of C$90.91.
Bank of Nova Scotia (TSE BNS) opened at C$79.50 on Wednesday. The company has a market capitalization of $95,380.00, a P/E ratio of 11.73 and a beta of 0.86. Bank of Nova Scotia has a one year low of C$73.31 and a one year high of C$85.50.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 26th. Shareholders of record on Tuesday, April 3rd will be paid a dividend of $0.82 per share. This is a boost from Bank of Nova Scotia’s previous quarterly dividend of $0.79. This represents a $3.28 dividend on an annualized basis and a yield of 4.13%. Bank of Nova Scotia’s payout ratio is presently 45.72%.
In other Bank of Nova Scotia news, insider Barbara Frances Mason sold 20,000 shares of Bank of Nova Scotia stock in a transaction on Thursday, December 7th. The stock was sold at an average price of C$82.60, for a total transaction of C$1,652,000.00.
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Bank of Nova Scotia Company Profile
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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