Analysts Set The Bank of Nova Scotia (TSE:BNS) Target Price at C$85.85

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has been given an average rating of “Hold” by the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$85.85.

Several research analysts have recently weighed in on the company. Bank of America boosted their target price on Bank of Nova Scotia from C$78.00 to C$88.00 in a report on Wednesday, August 27th. Canaccord Genuity Group boosted their price objective on Bank of Nova Scotia from C$87.00 to C$90.00 and gave the company a “buy” rating in a report on Wednesday, August 27th. Jefferies Financial Group lifted their target price on Bank of Nova Scotia from C$83.00 to C$86.00 in a report on Wednesday, August 27th. Royal Bank Of Canada boosted their target price on shares of Bank of Nova Scotia from C$80.00 to C$86.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 27th. Finally, Desjardins raised their price target on Bank of Nova Scotia from C$79.00 to C$85.00 and gave the company a “hold” rating in a research note on Wednesday, August 27th.

Bank of Nova Scotia Trading Down 0.8%

BNS opened at C$89.91 on Friday. The firm has a 50 day moving average of C$86.17 and a two-hundred day moving average of C$76.87. The firm has a market capitalization of C$111.99 billion, a PE ratio of 17.19, a P/E/G ratio of 1.33 and a beta of 1.30. Bank of Nova Scotia has a 12-month low of C$62.57 and a 12-month high of C$91.47.

Bank of Nova Scotia Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Wednesday, October 29th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, October 7th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.9%. Bank of Nova Scotia’s dividend payout ratio (DPR) is 81.84%.

Bank of Nova Scotia Company Profile

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.