Bank of Nova Scotia (TSE:BNS) Price Target Increased to C$78.00 by Analysts at CIBC

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target raised by CIBC from C$68.00 to C$78.00 in a research report released on Friday morning, BayStreet.CA reports.

Other equities analysts have also issued reports about the stock. BMO Capital Markets lowered their price target on shares of Bank of Nova Scotia from C$74.00 to C$72.00 and set a market perform rating on the stock in a research report on Wednesday, August 28th. TD Securities raised their price objective on Bank of Nova Scotia from C$69.00 to C$71.00 and gave the stock a hold rating in a research note on Wednesday, August 28th. Canaccord Genuity Group upped their target price on Bank of Nova Scotia from C$70.00 to C$71.00 and gave the company a hold rating in a research report on Wednesday, May 29th. UBS Group set a C$67.00 price objective on shares of Bank of Nova Scotia and gave the stock a neutral rating in a research report on Tuesday, July 2nd. Finally, Jefferies Financial Group increased their price target on shares of Bank of Nova Scotia from C$65.00 to C$69.00 and gave the stock a hold rating in a research report on Wednesday, August 28th. Twelve research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of C$67.92.

Bank of Nova Scotia Trading Up 0.1 %

TSE:BNS opened at C$68.51 on Friday. The stock has a 50 day simple moving average of C$64.30 and a 200 day simple moving average of C$65.07. The stock has a market cap of C$84.95 billion, a P/E ratio of 12.00, a PEG ratio of 1.33 and a beta of 0.96. Bank of Nova Scotia has a 1-year low of C$55.20 and a 1-year high of C$70.40.

Bank of Nova Scotia Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 29th. Stockholders of record on Wednesday, October 2nd will be paid a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.19%. The ex-dividend date is Wednesday, October 2nd. Bank of Nova Scotia’s payout ratio is 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.