Brokerages Set Bank of Nova Scotia (BNS) PT at $79.00

Brokerages Set Bank of Nova Scotia (BNS) PT at $79.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has been given a consensus rating of “Buy” by the fourteen ratings firms that are covering the stock. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$79.00.

A number of equities research analysts recently issued reports on BNS shares. TD Securities lifted their target price on Bank of Nova Scotia from C$83.00 to C$87.00 in a research report on Thursday, December 8th. RBC Capital Markets lifted their target price on Bank of Nova Scotia from C$76.00 to C$78.00 in a research report on Wednesday, November 30th. National Bank Financial lifted their target price on Bank of Nova Scotia from C$72.00 to C$75.00 in a research report on Wednesday, November 30th. Canaccord Genuity lifted their target price on Bank of Nova Scotia from C$75.00 to C$78.00 in a research report on Tuesday, November 22nd. Finally, Barclays PLC lifted their target price on Bank of Nova Scotia from C$63.00 to C$66.00 in a research report on Monday, November 21st.

Shares of Bank of Nova Scotia (TSE:BNS) opened at 78.71 on Friday. Bank of Nova Scotia has a 52-week low of $51.57 and a 52-week high of $78.96. The stock has a 50 day moving average price of $76.75 and a 200 day moving average price of $71.39. The company has a market capitalization of $95.09 billion and a PE ratio of 13.65.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 27th. Stockholders of record on Tuesday, January 3rd were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $2.96 annualized dividend and a dividend yield of 3.76%.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia (Scotiabank or the Bank) is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. The Company’s segments include Canadian Banking, International Banking, Global Banking and Markets (GBM), and Other.

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