Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective raised by Royal Bank Of Canada from C$87.00 to C$91.00 in a research report report published on Wednesday morning. The firm currently has an outperform rating on the bank’s stock.

Several other research analysts have also commented on BNS. Barclays boosted their price target on Bank of Nova Scotia from C$86.00 to C$88.00 in a research report on Friday, August 11th. BMO Capital Markets boosted their price target on Bank of Nova Scotia from C$83.00 to C$85.00 and gave the stock an outperform rating in a research report on Wednesday, August 30th. CIBC boosted their price target on Bank of Nova Scotia from C$85.00 to C$87.00 in a research report on Wednesday, August 30th. National Bank Financial boosted their price target on Bank of Nova Scotia from C$85.00 to C$86.00 and gave the stock an outperform rating in a research report on Wednesday, August 30th. Finally, Scotiabank reduced their price target on Bank of Nova Scotia from C$89.00 to C$88.00 and set an outperform rating for the company in a research report on Wednesday, August 30th. Eight analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and an average price target of C$88.38.

Shares of Bank of Nova Scotia (TSE BNS) opened at C$81.84 on Wednesday. Bank of Nova Scotia has a 1-year low of C$73.31 and a 1-year high of C$85.50.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its earnings results on Tuesday, November 28th. The bank reported C$1.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.68 by C($0.03). The firm had revenue of C$6.81 billion during the quarter, compared to analysts’ expectations of C$7.05 billion. Bank of Nova Scotia had a return on equity of 14.91% and a net margin of 30.50%. During the same quarter in the prior year, the company posted $1.58 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Tuesday, January 2nd will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Friday, December 29th. Bank of Nova Scotia’s dividend payout ratio is currently 47.00%.

In related news, insider Kyle Mcnamara sold 3,036 shares of the company’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of C$80.53, for a total transaction of C$244,489.08. Also, insider Deborah Alexander sold 7,114 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of C$76.76, for a total value of C$546,070.64. Insiders have sold a total of 10,364 shares of company stock worth $807,789 over the last ninety days.

ILLEGAL ACTIVITY WARNING: This report was first reported by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another site, it was stolen and reposted in violation of international copyright & trademark law. The original version of this report can be read at https://www.dailypolitical.com/2017/12/02/royal-bank-of-canada-raises-bank-of-nova-scotia-bns-price-target-to-c91-00.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.