Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$93.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price increased by BMO Capital Markets from C$89.00 to C$93.00 in a research report report published on Wednesday,BayStreet.CA reports.

BNS has been the topic of several other reports. Desjardins raised their price target on shares of Bank of Nova Scotia from C$79.00 to C$85.00 and gave the stock a “hold” rating in a research report on Wednesday, August 27th. TD Securities increased their target price on shares of Bank of Nova Scotia from C$93.00 to C$99.00 in a research note on Monday, November 10th. Raymond James Financial set a C$108.00 price target on Bank of Nova Scotia and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Barclays upped their price target on Bank of Nova Scotia from C$95.00 to C$97.00 in a report on Wednesday. Finally, Royal Bank Of Canada lifted their price objective on Bank of Nova Scotia from C$80.00 to C$86.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 27th. Four investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$91.77.

Bank of Nova Scotia Stock Up 0.9%

Shares of TSE BNS opened at C$99.26 on Wednesday. Bank of Nova Scotia has a 12 month low of C$62.57 and a 12 month high of C$99.37. The company has a market cap of C$122.72 billion, a P/E ratio of 17.51, a P/E/G ratio of 1.33 and a beta of 1.35. The business’s 50 day moving average is C$92.69 and its two-hundred day moving average is C$83.48.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings data 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 business had revenue of C$9.77 billion for the quarter. Sell-side analysts expect that Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

Bank of Nova Scotia Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 29th. Investors of record on Wednesday, October 29th were paid a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, October 7th. This represents a $4.40 annualized dividend and a yield of 4.4%. Bank of Nova Scotia’s 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.