Bank of Nova Scotia (TSE:BNS) Given a C$67.00 Price Target at UBS Group

UBS Group set a C$67.00 price target on Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) in a research report sent to investors on Tuesday morning, BayStreet.CA reports. The brokerage currently has a neutral rating on the bank’s stock.

BNS has been the topic of several other research reports. National Bankshares reduced their price target on shares of Bank of Nova Scotia from C$67.00 to C$66.00 and set a sector perform rating on the stock in a research report on Wednesday, May 29th. Royal Bank of Canada cut their target price on shares of Bank of Nova Scotia from C$64.00 to C$62.00 and set a sector perform rating on the stock in a research report on Wednesday, May 29th. TD Securities cut their target price on shares of Bank of Nova Scotia from C$72.00 to C$69.00 in a research report on Friday, May 10th. Canaccord Genuity Group raised their target price on shares of Bank of Nova Scotia from C$70.00 to C$71.00 and gave the company a hold rating in a research report on Wednesday, May 29th. Finally, BMO Capital Markets raised their target price on shares of Bank of Nova Scotia from C$69.00 to C$74.00 in a research report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of C$66.70.

Bank of Nova Scotia Trading Up 0.0 %

TSE BNS opened at C$62.61 on Tuesday. The firm has a market capitalization of C$77.01 billion, a price-to-earnings ratio of 10.33, a P/E/G ratio of 1.33 and a beta of 0.98. The firm’s 50 day simple moving average is C$64.24 and its 200 day simple moving average is C$64.62. Bank of Nova Scotia has a 1 year low of C$55.20 and a 1 year high of C$70.40.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its quarterly earnings results on Tuesday, May 28th. The bank reported C$1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.55 by C$0.03. The business had revenue of C$8.35 billion for the quarter, compared to analyst estimates of C$8.32 billion. Bank of Nova Scotia had a net margin of 26.41% and a return on equity of 9.89%. On average, equities research analysts forecast that Bank of Nova Scotia will post 6.4780876 earnings per share for the current year.

Bank of Nova Scotia Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Monday, July 29th will be issued a $1.06 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $4.24 annualized dividend and a yield of 6.77%. Bank of Nova Scotia’s payout ratio is 69.97%.

About Bank of Nova Scotia

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.