Bank of Nova Scotia (TSE:BNS) Given New C$65.00 Price Target at Royal Bank of Canada

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective raised by Royal Bank of Canada from C$62.00 to C$65.00 in a report published on Wednesday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the bank’s stock.

BNS has been the subject of a number of other research reports. Jefferies Financial Group raised their price target on shares of Bank of Nova Scotia from C$64.00 to C$65.00 and gave the stock a hold rating in a report on Monday, August 12th. National Bankshares lowered their price target on Bank of Nova Scotia from C$67.00 to C$66.00 and set a sector perform rating for the company in a research report on Wednesday, May 29th. UBS Group set a C$67.00 price target on Bank of Nova Scotia and gave the company a neutral rating in a research note on Tuesday, July 2nd. TD Securities raised their price objective on Bank of Nova Scotia from C$69.00 to C$71.00 and gave the stock a hold rating in a research note on Wednesday. Finally, CIBC lifted their target price on Bank of Nova Scotia from C$64.00 to C$68.00 and gave the stock a neutral rating in a report on Wednesday, May 29th. Twelve analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of Hold and a consensus target price of C$67.08.

Bank of Nova Scotia Stock Up 1.3 %

BNS opened at C$67.27 on Wednesday. The company has a market cap of C$83.41 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 1.33 and a beta of 0.96. The firm’s 50-day moving average price is C$63.74 and its 200-day moving average price is C$64.91. Bank of Nova Scotia has a 52-week low of C$55.20 and a 52-week high of C$70.40.

Bank of Nova Scotia Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 29th. Shareholders of record on Wednesday, October 2nd will be given a $1.06 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $4.24 annualized dividend and a yield of 6.30%. Bank of Nova Scotia’s dividend payout ratio is presently 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.