Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$77.00 at CIBC

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target upped by CIBC from C$75.00 to C$77.00 in a report issued on Thursday,BayStreet.CA reports.

BNS has been the topic of several other reports. UBS Group decreased their target price on shares of Bank of Nova Scotia from C$85.00 to C$78.00 in a research report on Thursday. Jefferies Financial Group decreased their target price on shares of Bank of Nova Scotia from C$76.00 to C$70.00 in a research report on Monday, April 21st. Bank of America cut shares of Bank of Nova Scotia from a “buy” rating to a “neutral” rating and decreased their target price for the stock from C$82.00 to C$70.00 in a research report on Monday, March 31st. National Bankshares set a C$71.00 target price on shares of Bank of Nova Scotia and gave the stock a “sector perform” rating in a research report on Thursday. Finally, TD Securities set a C$81.00 price objective on shares of Bank of Nova Scotia and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Nine investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$76.64.

Bank of Nova Scotia Price Performance

Bank of Nova Scotia stock opened at C$71.55 on Thursday. The firm’s 50-day moving average is C$68.13 and its two-hundred day moving average is C$72.45. Bank of Nova Scotia has a 12-month low of C$60.68 and a 12-month high of C$80.14. The stock has a market capitalization of C$87.68 billion, a P/E ratio of 11.31, a P/E/G ratio of 1.33 and a beta of 0.97.

Bank of Nova Scotia Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Monday, April 28th were given a dividend of $1.06 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.93%. Bank of Nova Scotia’s payout ratio is currently 67.00%.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.