Bank of Nova Scotia (BNS) Given New C$92.00 Price Target at Royal Bank of Canada

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price increased by Royal Bank of Canada from C$91.00 to C$92.00 in a report issued on Wednesday morning.

Other equities analysts have also issued reports about the company. CSFB boosted their price target on Bank of Nova Scotia from C$84.00 to C$86.00 in a research note on Friday, January 19th. Citigroup boosted their price target on Bank of Nova Scotia from C$90.00 to C$93.00 in a research note on Friday, November 17th. CIBC boosted their price target on Bank of Nova Scotia from C$87.00 to C$93.00 in a research note on Monday, November 13th. Canaccord Genuity boosted their price objective on Bank of Nova Scotia from C$88.00 to C$92.00 in a report on Wednesday, November 1st. Finally, BMO Capital Markets set a C$86.00 price objective on Bank of Nova Scotia and gave the company an outperform rating in a report on Friday, February 2nd. Eight investment analysts have rated the stock with a buy rating, Bank of Nova Scotia currently has an average rating of Buy and an average price target of C$89.25.

Bank of Nova Scotia (TSE BNS) opened at C$77.21 on Wednesday. Bank of Nova Scotia has a 12 month low of C$73.31 and a 12 month high of C$85.50. The stock has a market capitalization of $92,630.00, a P/E ratio of 11.90 and a beta of 0.86.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings results on Tuesday, November 28th. The bank reported C$1.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of C$6.81 billion during the quarter, compared to analyst estimates of C$7.05 billion. During the same period last year, the firm posted $1.58 earnings per share.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 29th. Stockholders of record on Tuesday, January 2nd were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $3.16 annualized dividend and a dividend yield of 4.09%. Bank of Nova Scotia’s dividend payout ratio is 47.00%.

In other news, insider Barbara Frances Mason sold 20,000 shares of the business’s stock in a transaction that occurred 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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