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.

TRADEMARK VIOLATION NOTICE: This article was originally posted by Week Herald and is the property of of Week Herald. If you are reading this article on another domain, it was stolen and republished in violation of United States and international copyright and trademark law. The original version of this article can be read at https://weekherald.com/2018/02/18/bank-of-nova-scotia-bns-given-new-c92-00-price-target-at-royal-bank-of-canada.html.

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.

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

Receive News & Ratings for Bank of Nova Scotia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Nova Scotia and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply