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 raised by TD Securities from C$80.00 to C$82.00 in a report released on Friday morning,BayStreet.CA reports.

BNS has been the subject of several other reports. BMO Capital Markets decreased their price objective on Bank of Nova Scotia from C$74.00 to C$72.00 and set a “market perform” rating for the company in a report on Wednesday, August 28th. Royal Bank of Canada raised their price objective on shares of Bank of Nova Scotia from C$62.00 to C$65.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 28th. Cormark reduced 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 report on Tuesday, August 20th. Cibc World Mkts raised Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a report on Friday, September 20th. Finally, Jefferies Financial Group boosted their price target 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. Ten research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Bank of Nova Scotia 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. Bank of Nova Scotia has a 12 month low of C$56.83 and a 12 month high of C$76.44. The firm has a market capitalization of C$94.17 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. The business’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 (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings results on Tuesday, August 27th. The bank reported C$1.63 EPS for the quarter, meeting the consensus estimate of C$1.63. The company had revenue of C$8.36 billion for the quarter, compared to analyst estimates of C$8.50 billion. Bank of Nova Scotia had a net margin of 25.38% and a return on equity of 9.49%. As a group, equities analysts anticipate that Bank of Nova Scotia will post 7.1286267 EPS for the current year.

Bank of Nova Scotia Announces Dividend

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

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.