Accountability Research Reiterates "C$82.00" Price Target for Bank of Nova Scotia (TSE:BNS)

Accountability Research set a C$82.00 price target on Bank of Nova Scotia (TSE:BNS - Free Report) NYSE: BNS in a research report released on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the bank's stock.

A number of other equities analysts have also issued reports on the company. Canaccord Genuity Group raised Bank of Nova Scotia from a "hold" rating to a "buy" rating and upped their target price for the company from C$71.00 to C$84.00 in a research report on Tuesday, November 19th. Royal Bank of Canada upped their price target on shares of Bank of Nova Scotia from C$74.00 to C$83.00 and gave the company a "sector perform" rating in a report on Wednesday. Barclays raised shares of Bank of Nova Scotia from a "strong sell" rating to a "hold" rating in a report on Thursday, November 21st. TD Securities cut 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. Finally, Bank of America raised shares of Bank of Nova Scotia from a "neutral" rating to a "buy" rating and increased their price target for the stock from C$73.00 to C$90.00 in a research report on Tuesday, November 19th. 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$77.92.

Bank of Nova Scotia Stock Performance

Shares of BNS stock traded up C$0.29 on Thursday, hitting C$74.62. The stock had a trading volume of 5,378,268 shares, compared to its average volume of 8,373,145. The stock's 50 day moving average is C$76.91 and its 200-day moving average is C$70.49. The firm has a market capitalization of C$92.53 billion, a price-to-earnings ratio of 13.07, a P/E/G ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a 52-week low of C$60.68 and a 52-week high of C$80.14.

Bank of Nova Scotia Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Tuesday, January 7th will be paid a dividend of $1.06 per share. The ex-dividend date is Tuesday, January 7th. This represents a $4.24 dividend on an annualized basis and a yield of 5.68%. Bank of Nova Scotia's 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.