Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$97.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target raised by Barclays from C$95.00 to C$97.00 in a research report sent to investors on Wednesday,BayStreet.CA reports.

Several other equities analysts also recently commented on BNS. Royal Bank Of Canada boosted their price target on shares of Bank of Nova Scotia from C$80.00 to C$86.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 27th. Jefferies Financial Group lifted their target price on Bank of Nova Scotia from C$86.00 to C$96.00 in a report on Tuesday, November 25th. CIBC boosted their target price on Bank of Nova Scotia from C$93.00 to C$100.00 in a research note on Wednesday, November 19th. National Bankshares set a C$81.00 price target on Bank of Nova Scotia and gave the company a “sector perform” rating in a research report on Monday, September 22nd. Finally, Bank of America lifted their price objective on Bank of Nova Scotia from C$78.00 to C$88.00 in a research note on Wednesday, August 27th. Four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$91.77.

Bank of Nova Scotia Price Performance

Shares of TSE:BNS opened at C$99.26 on Wednesday. The firm has a market capitalization of C$122.72 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 1.33 and a beta of 1.35. Bank of Nova Scotia has a 1 year low of C$62.57 and a 1 year high of C$99.37. The firm’s 50-day moving average is C$92.69 and its two-hundred day moving average is C$83.48.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings data on Tuesday, December 2nd. The bank reported C$1.93 earnings per share for the quarter. Bank of Nova Scotia had a net margin of 17.68% and a return on equity of 9.64%. The firm had revenue of C$9.77 billion during the quarter. Analysts expect that Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

Bank of Nova Scotia Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 29th. Investors of record on Wednesday, October 29th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 4.4%. The ex-dividend date was Tuesday, October 7th. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 76.19%.

Bank of Nova Scotia Company Profile

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.