Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$103.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target hoisted by CIBC from C$100.00 to C$103.00 in a research note released on Thursday,BayStreet.CA reports. The firm currently has a neutral rating on the bank’s stock.

A number of other research firms have also recently issued reports on BNS. Royal Bank Of Canada lifted their price target on shares of Bank of Nova Scotia from C$80.00 to C$86.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 27th. National Bankshares set a C$81.00 price objective on Bank of Nova Scotia and gave the stock a “sector perform” rating in a research note on Monday, September 22nd. Jefferies Financial Group raised their target price on Bank of Nova Scotia from C$86.00 to C$96.00 in a research report on Tuesday, November 25th. BMO Capital Markets lifted their price target on Bank of Nova Scotia from C$89.00 to C$93.00 in a research note on Wednesday, December 3rd. Finally, Raymond James Financial set a C$108.00 price objective on Bank of Nova Scotia and gave the company an “outperform” rating in a report on Tuesday, November 25th. Four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$92.00.

Bank of Nova Scotia Stock Down 0.2%

BNS stock opened at C$100.17 on Thursday. Bank of Nova Scotia has a twelve month low of C$62.57 and a twelve month high of C$100.94. The firm’s fifty day simple moving average is C$93.65 and its two-hundred day simple moving average is C$84.54. The stock has a market capitalization of C$124.77 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 1.33 and a beta of 1.35.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its earnings results on Tuesday, December 2nd. The bank reported C$1.93 earnings per share (EPS) for the quarter. Bank of Nova Scotia had a net margin of 17.68% and a return on equity of 9.64%. The firm had revenue of C$9.77 billion during the quarter. As a group, equities research analysts expect that Bank of Nova Scotia will post 7.1286267 EPS for the current year.

Bank of Nova Scotia Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 29th. Investors of record on Wednesday, October 29th were issued a $1.10 dividend. The ex-dividend date was Tuesday, October 7th. This represents a $4.40 dividend on an annualized basis and a yield of 4.4%. Bank of Nova Scotia’s dividend payout ratio is currently 76.19%.

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.