Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$82.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective increased by TD Securities from C$80.00 to C$82.00 in a report released on Friday morning,BayStreet.CA reports.

A number of other research analysts have also issued reports on the company. Jefferies Financial Group increased their target price on Bank of Nova Scotia from C$65.00 to C$69.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. Cormark cut their target price on shares of Bank of Nova Scotia from C$68.00 to C$65.00 and set a “market perform” rating for the company in a research note on Tuesday, August 20th. BMO Capital Markets decreased their price target on shares of Bank of Nova Scotia from C$74.00 to C$72.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 28th. Royal Bank of Canada lifted their price objective on Bank of Nova Scotia from C$62.00 to C$65.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 28th. Finally, Cibc World Mkts upgraded Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 20th. Ten equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$69.17.

Bank of Nova Scotia Price Performance

TSE:BNS opened at C$75.94 on Friday. The company’s fifty day moving average price is C$72.54 and its 200-day moving average price is C$67.12. Bank of Nova Scotia has a 1-year low of C$56.83 and a 1-year high of C$76.44. The firm has a market capitalization of C$94.17 billion, a P/E ratio of 13.30, a PEG ratio of 1.33 and a beta of 0.97.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings data on Tuesday, August 27th. The bank reported C$1.63 EPS for the quarter, hitting analysts’ consensus estimates of C$1.63. The business had revenue of C$8.36 billion for the quarter, compared to analysts’ expectations of C$8.50 billion. Bank of Nova Scotia had a net margin of 25.38% and a return on equity of 9.49%. Equities analysts anticipate that Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

Bank of Nova Scotia Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Wednesday, October 2nd were paid a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 5.58%. The ex-dividend date was Wednesday, October 2nd. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 74.26%.

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.