Bank of Nova Scotia (TSE:BNS) Given New C$78.00 Price Target at CIBC

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective lifted by CIBC from C$68.00 to C$78.00 in a research report report published on Friday, BayStreet.CA reports.

BNS has been the subject of a number of other research reports. UBS Group set a C$67.00 target price on shares of Bank of Nova Scotia and gave the stock a neutral rating in a research note on Tuesday, July 2nd. Jefferies Financial Group boosted their price objective on Bank of Nova Scotia from C$65.00 to C$69.00 and gave the company a hold rating in a research note on Wednesday, August 28th. BMO Capital Markets decreased their target price on Bank of Nova Scotia from C$74.00 to C$72.00 and set a market perform rating for the company in a research note on Wednesday, August 28th. National Bankshares dropped their price target on Bank of Nova Scotia from C$67.00 to C$66.00 and set a sector perform rating on the stock in a research note on Wednesday, May 29th. Finally, Canaccord Genuity Group raised their price objective on shares of Bank of Nova Scotia from C$70.00 to C$71.00 and gave the stock a hold rating in a research report on Wednesday, May 29th. Twelve analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of C$67.92.

Bank of Nova Scotia Stock Performance

Bank of Nova Scotia stock opened at C$68.51 on Friday. The firm has a market cap of C$84.95 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 1.33 and a beta of 0.96. Bank of Nova Scotia has a 52-week low of C$55.20 and a 52-week high of C$70.40. The firm has a 50 day moving average price of C$64.30 and a two-hundred day moving average price of C$65.07.

Bank of Nova Scotia Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 29th. Shareholders of record on Wednesday, October 2nd will be paid a dividend of $1.06 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $4.24 dividend on an annualized basis and a yield of 6.19%. 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.