Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$81.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target raised by Canaccord Genuity Group from C$80.00 to C$81.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the bank’s stock.

A number of other equities analysts also recently issued reports on BNS. Royal Bank Of Canada cut their price target on Bank of Nova Scotia from C$81.00 to C$80.00 and set a “sector perform” rating for the company in a research note on Monday, June 9th. Barclays dropped their target price on Bank of Nova Scotia from C$81.00 to C$78.00 and set an “equal weight” rating on the stock in a report on Monday, June 9th. Jefferies Financial Group upped their price target on Bank of Nova Scotia from C$70.00 to C$75.00 and gave the stock a “hold” rating in a report on Wednesday, May 28th. UBS Group lowered their price target on Bank of Nova Scotia from C$85.00 to C$78.00 in a research report on Thursday, May 22nd. Finally, Bank of America cut Bank of Nova Scotia from a “buy” rating to a “neutral” rating and dropped their price objective for the company from C$82.00 to C$70.00 in a research note on Monday, March 31st. Nine research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$77.31.

Bank of Nova Scotia Trading Up 0.9%

BNS opened at C$75.14 on Tuesday. Bank of Nova Scotia has a 1-year low of C$60.68 and a 1-year high of C$80.14. The company has a market cap of C$92.08 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 1.33 and a beta of 0.97. The company’s fifty day moving average price is C$71.55 and its two-hundred day moving average price is C$71.88.

Bank of Nova Scotia Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Monday, April 28th were issued a dividend of $1.06 per share. The ex-dividend date was Tuesday, April 1st. This represents a $4.24 dividend on an annualized basis and a yield of 5.64%. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 67.00%.

About Bank of Nova Scotia

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It 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.