Bank of Nova Scotia (TSE:BNS) Price Target Lowered to C$77.00 at Jefferies Financial Group

Bank of Nova Scotia (TSE:BNS - Free Report) NYSE: BNS had its price objective cut by Jefferies Financial Group from C$81.00 to C$77.00 in a report released on Tuesday,BayStreet.CA reports.

Other equities analysts have also issued reports about the company. UBS Group upgraded Bank of Nova Scotia from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 18th. CIBC boosted their price target on Bank of Nova Scotia from C$82.00 to C$84.00 in a research note on Tuesday, November 26th. National Bankshares boosted their price target on Bank of Nova Scotia from C$66.00 to C$78.00 in a research note on Wednesday, November 20th. Accountability Research set a C$82.00 price target on Bank of Nova Scotia and gave the company a "buy" rating in a research note on Thursday, January 9th. Finally, TD Securities lowered their price target on 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. Nine equities 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 company. According to data from MarketBeat.com, Bank of Nova Scotia presently has a consensus rating of "Hold" and an average target price of C$78.33.

Bank of Nova Scotia Price Performance

Shares of TSE BNS traded up C$0.08 during trading hours on Tuesday, hitting C$72.48. 2,517,321 shares of the company's stock were exchanged, compared to its average volume of 4,459,970. Bank of Nova Scotia has a 1-year low of C$60.68 and a 1-year high of C$80.14. The stock has a market capitalization of C$88.82 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 1.33 and a beta of 0.97. The company's 50-day moving average price is C$74.97 and its 200-day moving average price is C$72.59.

Bank of Nova Scotia Dividend Announcement

The firm also recently declared 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 was Tuesday, January 7th. This represents a $4.24 dividend on an annualized basis and a yield of 5.85%. Bank of Nova Scotia's dividend payout ratio (DPR) is presently 67.00%.

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.