Royal Bank of Canada Raises Bank of Nova Scotia (BNS) Price Target to C$92.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective upped by Royal Bank of Canada from C$91.00 to C$92.00 in a research report sent to investors on Wednesday morning.

BNS has been the topic of a number of other research reports. BMO Capital Markets reiterated an outperform rating and issued a C$86.00 target price on shares of Bank of Nova Scotia in a research note on Wednesday, December 6th. CSFB raised 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 raised their price target on Bank of Nova Scotia from C$90.00 to C$93.00 in a research note on Friday, November 17th. Canaccord Genuity raised their price target on Bank of Nova Scotia from C$88.00 to C$92.00 in a research note on Wednesday, November 1st. Finally, National Bank Financial raised their price target on Bank of Nova Scotia from C$86.00 to C$88.00 and gave the company an outperform rating in a research note on Wednesday, November 29th. Eight investment analysts have rated the stock with a buy rating, The company has an average rating of Buy and an average target price of C$89.25.

Shares of Bank of Nova Scotia (BNS) opened at C$77.21 on Wednesday. Bank of Nova Scotia has a 52 week low of C$73.31 and a 52 week high of C$85.50. The firm has a market capitalization of $92,630.00, a price-to-earnings ratio of 11.90 and a beta of 0.86.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its earnings results on Tuesday, November 28th. The bank reported C$1.65 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.68 by C($0.03). Bank of Nova Scotia had a return on equity of 14.64% and a net margin of 30.39%. The business had revenue of C$6.81 billion during the quarter, compared to analysts’ expectations of C$7.05 billion. During the same quarter in the previous year, the business earned $1.58 EPS.

The company also recently declared a quarterly dividend, which was paid on Monday, January 29th. Stockholders of record on Tuesday, January 2nd were paid a dividend of $0.79 per share. The ex-dividend date 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 currently 47.00%.

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

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

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