Bank of Nova Scotia (TSE:BNS) Given New C$82.00 Price Target at TD Securities

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price increased by TD Securities from C$80.00 to C$82.00 in a report released on Friday morning,BayStreet.CA reports.

Other equities research analysts also recently issued reports about the stock. Jefferies Financial Group lifted their price target on shares of Bank of Nova Scotia from C$65.00 to C$69.00 and gave the stock a “hold” rating in a report on Wednesday, August 28th. BMO Capital Markets lowered their price target on shares of 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 lifted their price target 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 report on Wednesday, August 28th. Cibc World Mkts upgraded shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a report on Friday, September 20th. Finally, Cormark lowered their price target 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. Ten investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Bank of Nova Scotia presently has a consensus rating of “Hold” and a consensus price target of C$69.17.

Bank of Nova Scotia Stock Performance

TSE:BNS traded up C$0.23 during mid-day trading on Friday, hitting C$75.94. 3,134,200 shares of the company’s stock traded hands, compared to its average volume of 4,266,547. The firm’s 50 day simple moving average is C$72.54 and its 200 day simple moving average is C$67.09. Bank of Nova Scotia has a 1 year low of C$56.83 and a 1 year high of C$76.44. The company has a market cap 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.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its earnings results on Tuesday, August 27th. The bank reported C$1.63 earnings per share for the quarter, meeting the consensus estimate of C$1.63. Bank of Nova Scotia had a net margin of 25.38% and a return on equity of 9.49%. The firm had revenue of C$8.36 billion during the quarter, compared to the consensus estimate of C$8.50 billion. On average, research analysts expect that Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

Bank of Nova Scotia Announces Dividend

The firm 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. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $4.24 dividend on an annualized basis and a yield of 5.58%. Bank of Nova Scotia’s dividend payout ratio (DPR) 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.