Bank of Nova Scotia (TSE:BNS)‘s stock had its “buy” rating reissued by stock analysts at Dundee Securities in a report released on Wednesday. They presently have a C$78.00 price objective on the stock. Dundee Securities’ target price suggests a potential upside of 9.70% from the stock’s current price.

A number of other brokerages have also recently issued reports on BNS. CIBC raised their target price on Bank of Nova Scotia from C$72.00 to C$74.00 in a report on Tuesday, September 6th. Desjardins raised their target price on Bank of Nova Scotia from C$71.00 to C$73.00 and gave the stock a “buy” rating in a report on Wednesday, August 31st. Royal Bank Of Canada raised their target price on Bank of Nova Scotia from C$72.00 to C$77.00 and gave the stock an “outperform” rating in a report on Wednesday, August 31st. Canaccord Genuity raised their target price on Bank of Nova Scotia from C$73.00 to C$75.00 and gave the stock a “buy” rating in a report on Wednesday, August 31st. Finally, Barclays PLC raised their target price on Bank of Nova Scotia from C$60.00 to C$63.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 31st. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Bank of Nova Scotia currently has a consensus rating of “Buy” and an average price target of C$73.29.

Bank of Nova Scotia (TSE:BNS) opened at 71.10 on Wednesday. The firm has a market cap of $85.66 billion and a P/E ratio of 12.59. The company has a 50-day moving average price of $68.55 and a 200-day moving average price of $65.14. Bank of Nova Scotia has a 12-month low of $51.17 and a 12-month high of $71.26.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 27th. Shareholders of record on Tuesday, October 4th will be paid a $0.74 dividend. This is a boost from Bank of Nova Scotia’s previous quarterly dividend of $0.72. This represents a $2.96 annualized dividend and a yield of 4.16%.

In other Bank of Nova Scotia news, Director Brian J. Porter sold 25,176 shares of the business’s stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of C$70.17, for a total value of C$1,766,599.92.

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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