Brokerages Set The Bank of Nova Scotia (TSE:BNS) Target Price at C$77.92

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have earned an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$77.92.

A number of research firms have commented on BNS. UBS Group upgraded shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. TD Securities decreased their target price on shares of Bank of Nova Scotia from C$82.00 to C$81.00 and set a “buy” rating on the stock in a research note on Wednesday, December 4th. Royal Bank of Canada raised their target price on shares of Bank of Nova Scotia from C$74.00 to C$83.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 8th. Accountability Research set a C$82.00 target price on shares of Bank of Nova Scotia and gave the stock a “buy” rating in a research note on Thursday, January 9th. Finally, Barclays upgraded shares of Bank of Nova Scotia from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 21st.

Bank of Nova Scotia Trading Up 0.3 %

TSE BNS opened at C$74.43 on Friday. Bank of Nova Scotia has a 12 month low of C$60.68 and a 12 month high of C$80.14. The stock has a market cap of C$92.29 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 1.33 and a beta of 0.97. The company’s 50 day moving average is C$77.00 and its two-hundred day moving average is C$70.80.

Bank of Nova Scotia Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Tuesday, January 7th will be given a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 5.70%. The ex-dividend date of this dividend is Tuesday, January 7th. 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.