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

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$77.92.

Several analysts recently issued reports on the company. BMO Capital Markets lifted their target price on Bank of Nova Scotia from C$72.00 to C$84.00 in a research note on Monday, November 18th. CIBC lifted their target price on Bank of Nova Scotia from C$82.00 to C$84.00 in a report on Tuesday, November 26th. National Bankshares raised their price target on Bank of Nova Scotia from C$66.00 to C$78.00 in a research note on Wednesday, November 20th. Canaccord Genuity Group raised Bank of Nova Scotia from a “hold” rating to a “buy” rating and lifted their target price for the company from C$71.00 to C$84.00 in a research report on Tuesday, November 19th. Finally, Barclays raised 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 Stock Down 0.5 %

TSE BNS opened at C$72.43 on Tuesday. The stock’s 50-day moving average price is C$76.01 and its 200-day moving average price is C$72.20. Bank of Nova Scotia has a 52 week low of C$60.68 and a 52 week high of C$80.14. The company has a market capitalization of C$89.81 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97.

Bank of Nova Scotia Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Tuesday, January 7th were issued a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date was Tuesday, January 7th. Bank of Nova Scotia’s dividend payout ratio is currently 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.