Bank of Nova Scotia (TSE:BNS) Given New C$73.00 Price Target at Credit Suisse Group

Bank of Nova Scotia (TSE:BNSGet Rating) (NYSE:BNS) had its price target trimmed by Credit Suisse Group to C$73.00 in a report issued on Tuesday, Stock Target Advisor reports.

A number of other research firms have also weighed in on BNS. Canaccord Genuity Group decreased their price target on Bank of Nova Scotia from C$89.00 to C$86.50 in a research report on Wednesday, August 24th. Barclays upped their target price on shares of Bank of Nova Scotia to C$86.00 and gave the stock a hold rating in a report on Wednesday, August 24th. Cormark reissued a market perform rating on shares of Bank of Nova Scotia in a report on Monday, September 12th. Scotiabank reduced their price target on shares of Bank of Nova Scotia from C$95.00 to C$86.00 in a research report on Friday, September 2nd. Finally, BMO Capital Markets downgraded Bank of Nova Scotia from an outperform rating to a market perform rating in a research report on Wednesday, August 24th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Bank of Nova Scotia has a consensus rating of Hold and a consensus target price of C$84.40.

Bank of Nova Scotia Price Performance

Shares of BNS stock opened at C$70.51 on Tuesday. The stock has a market capitalization of C$84.00 billion and a price-to-earnings ratio of 8.43. The company’s fifty day simple moving average is C$67.13 and its two-hundred day simple moving average is C$74.29. Bank of Nova Scotia has a 1 year low of C$63.19 and a 1 year high of C$95.00.

Bank of Nova Scotia (TSE:BNSGet Rating) (NYSE:BNS) last announced its quarterly earnings results on Tuesday, August 23rd. The bank reported C$2.10 earnings per share for the quarter, missing the consensus estimate of C$2.12 by C($0.02). The firm had revenue of C$7.80 billion during the quarter, compared to the consensus estimate of C$8.01 billion. Equities research analysts anticipate that Bank of Nova Scotia will post 8.3800002 EPS for the current year.

Bank of Nova Scotia Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 27th. Shareholders of record on Tuesday, October 4th were given a dividend of $1.03 per share. The ex-dividend date was Monday, October 3rd. This represents a $4.12 dividend on an annualized basis and a yield of 5.84%. Bank of Nova Scotia’s payout ratio is 47.01%.

Bank of Nova Scotia Company Profile

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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 in four segments: Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets.

Further Reading

Analyst Recommendations for Bank of Nova Scotia (TSE:BNS)

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