Bank of Nova Scotia (TSE:BNS) PT Raised to C$65.00

Bank of Nova Scotia (TSE:BNS - Free Report) NYSE: BNS had its target price hoisted by Jefferies Financial Group from C$64.00 to C$65.00 in a research note issued to investors on Monday, BayStreet.CA reports. Jefferies Financial Group currently has a hold rating on the bank's stock.

Several other equities research analysts have also recently issued reports on the stock. Canaccord Genuity Group lifted their price objective on shares of Bank of Nova Scotia from C$70.00 to C$71.00 and gave the stock a hold rating in a research report on Wednesday, May 29th. Royal Bank of Canada lowered their price objective on Bank of Nova Scotia from C$64.00 to C$62.00 and set a sector perform rating for the company in a research report on Wednesday, May 29th. CIBC increased their price objective on Bank of Nova Scotia from C$64.00 to C$68.00 and gave the company a neutral rating in a report on Wednesday, May 29th. National Bankshares decreased their target price on Bank of Nova Scotia from C$67.00 to C$66.00 and set a sector perform rating for the company in a research note on Wednesday, May 29th. Finally, TD Securities increased their price target on shares of Bank of Nova Scotia from C$68.00 to C$69.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of C$66.57.

Bank of Nova Scotia Stock Performance

BNS stock traded down C$2.18 during mid-day trading on Monday, reaching C$61.49. The company had a trading volume of 6,102,542 shares, compared to its average volume of 4,137,096. The firm has a fifty day simple moving average of C$63.46 and a 200 day simple moving average of C$64.72. The company has a market capitalization of C$75.63 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 1.33 and a beta of 0.98. Bank of Nova Scotia has a fifty-two week low of C$55.20 and a fifty-two week high of C$70.40.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last released its earnings results on Tuesday, May 28th. The bank reported C$1.58 earnings per share for the quarter, topping analysts' consensus estimates of C$1.55 by C$0.03. Bank of Nova Scotia had a net margin of 26.41% and a return on equity of 9.89%. The firm had revenue of C$8.35 billion for the quarter, compared to analyst estimates of C$8.32 billion. As a group, analysts predict that Bank of Nova Scotia will post 6.4780876 earnings per share for the current year.

Bank of Nova Scotia Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 29th. Investors of record on Monday, July 29th were paid a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date of this dividend was Wednesday, July 3rd. Bank of Nova Scotia's dividend payout ratio is currently 69.97%.

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.