Bank of Nova Scotia (TSE:BNS) Given a C$81.00 Price Target at TD Securities

TD Securities set a C$81.00 price target on Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) in a research report sent to investors on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the bank’s stock.

BNS has been the subject of several other reports. Bank of America upgraded shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from C$73.00 to C$90.00 in a research note on Tuesday, November 19th. BMO Capital Markets lifted their price objective on shares of Bank of Nova Scotia from C$72.00 to C$84.00 in a research note on Monday, November 18th. Royal Bank of Canada lowered their price objective on shares of Bank of Nova Scotia from C$83.00 to C$81.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 26th. Barclays upgraded shares of Bank of Nova Scotia from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 21st. Finally, Jefferies Financial Group lowered their price objective on shares of Bank of Nova Scotia from C$81.00 to C$77.00 in a research note on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Bank of Nova Scotia currently has an average rating of “Hold” and an average price target of C$78.55.

Bank of Nova Scotia Stock Down 1.2 %

Shares of BNS opened at C$68.88 on Tuesday. The company has a market cap of C$84.41 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a twelve month low of C$60.68 and a twelve month high of C$80.14. The company has a 50 day moving average of C$73.59 and a two-hundred day moving average of C$73.20.

Bank of Nova Scotia Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Tuesday, January 7th were given a dividend of $1.06 per share. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $4.24 dividend on an annualized basis and a yield of 6.16%. Bank of Nova Scotia’s dividend payout ratio is presently 67.00%.

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.