Bank of Nova Scotia (BNS) Price Target Cut to C$74.00 by Analysts at Canaccord Genuity
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price cut by Canaccord Genuity from C$76.00 to C$74.00 in a report issued on Wednesday, BayStreet.CA reports.
Other equities analysts have also issued reports about the company. Desjardins reduced their price target on Bank of Nova Scotia from C$83.00 to C$81.00 in a research report on Wednesday, February 27th. CIBC downgraded Bank of Nova Scotia from an outperform rating to a neutral rating and dropped their price objective for the stock from C$86.00 to C$81.00 in a report on Wednesday, February 27th. TD Securities downgraded Bank of Nova Scotia from a buy rating to a hold rating and dropped their price objective for the stock from C$84.00 to C$80.00 in a report on Wednesday, February 27th. National Bank Financial dropped their price objective on Bank of Nova Scotia from C$80.00 to C$78.00 in a report on Wednesday, February 27th. Finally, BMO Capital Markets restated an outperform rating and set a C$85.00 price objective on shares of Bank of Nova Scotia in a report on Tuesday, January 15th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of C$83.08.
Bank of Nova Scotia stock opened at C$71.45 on Wednesday. The company has a market cap of $87.59 billion and a P/E ratio of 10.71. Bank of Nova Scotia has a one year low of C$66.36 and a one year high of C$80.79.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.87 per share. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $0.85. This represents a $3.48 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date was Monday, April 1st. Bank of Nova Scotia’s dividend payout ratio is presently 50.08%.
About Bank of Nova Scotia
The Bank of Nova Scotia provides various banking products and services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and related creditor insurance to individuals and small businesses; and commercial banking solutions comprising lending, deposit, cash management, and trade finance solutions to medium and large businesses, including automotive dealers and their customers.
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