CIBC Boosts Bank of Nova Scotia (BNS) Price Target to C$93.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target boosted by CIBC from C$87.00 to C$93.00 in a research report report published on Monday morning.

Several other equities research analysts also recently weighed in on the stock. National Bank Financial boosted their target price on shares of 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. Scotiabank decreased their price target on shares of Bank of Nova Scotia from C$89.00 to C$88.00 and set an outperform rating for the company in a report on Wednesday, August 30th. BMO Capital Markets lifted their price target on shares of Bank of Nova Scotia from C$83.00 to C$85.00 and gave the company an outperform rating in a report on Wednesday, August 30th. Canaccord Genuity lifted their price target on shares of Bank of Nova Scotia from C$88.00 to C$92.00 in a report on Wednesday, November 1st. Finally, Barclays PLC lifted their price target on shares of Bank of Nova Scotia from C$86.00 to C$88.00 in a report on Friday, August 11th. Eight research analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and a consensus target price of C$87.00.

Shares of Bank of Nova Scotia (TSE BNS) opened at C$83.23 on Monday. Bank of Nova Scotia has a 1 year low of C$69.89 and a 1 year high of C$83.95.

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The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Tuesday, October 3rd were issued a $0.79 dividend. The ex-dividend date was Monday, October 2nd. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $0.76. This represents a $3.16 annualized dividend and a dividend yield of 3.80%. Bank of Nova Scotia’s payout ratio is 46.73%.

In other Bank of Nova Scotia news, insider Kyle Mcnamara sold 3,036 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were 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 business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of C$76.76, for a total transaction of C$546,070.64. Insiders have sold a total of 10,364 shares of company stock valued at $807,789 over the last three months.

About Bank of Nova Scotia

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.

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