Bank of Nova Scotia (TSE:BNS) Given New C$77.00 Price Target at Jefferies Financial Group

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price lowered by Jefferies Financial Group from C$81.00 to C$77.00 in a research note released on Tuesday,BayStreet.CA reports.

Several other research analysts have also weighed in on the stock. Barclays upgraded shares of Bank of Nova Scotia from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 21st. UBS Group upgraded shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 18th. Accountability Research set a C$82.00 price target on shares of Bank of Nova Scotia and gave the company a “buy” rating in a research report on Thursday, January 9th. CIBC increased their price target on shares of Bank of Nova Scotia from C$82.00 to C$84.00 in a research report on Tuesday, November 26th. Finally, Bank of America upgraded shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating and increased their price target for the company from C$73.00 to C$90.00 in a research report on Tuesday, November 19th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Bank of Nova Scotia presently has an average rating of “Moderate Buy” and a consensus price target of C$78.33.

Bank of Nova Scotia Stock Down 0.2 %

TSE BNS opened at C$72.42 on Tuesday. The firm has a 50-day moving average price of C$75.24 and a 200 day moving average price of C$72.59. Bank of Nova Scotia has a 52-week low of C$60.68 and a 52-week high of C$80.14. The stock has a market capitalization of C$88.75 billion, a P/E ratio of 11.44, 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 Wednesday, January 29th. Shareholders of record on Tuesday, January 7th were paid a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 5.85%. The ex-dividend date of this dividend was Tuesday, January 7th. Bank of Nova Scotia’s payout ratio is 67.00%.

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.