Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$83.00 at Jefferies Financial Group

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target raised by Jefferies Financial Group from C$75.00 to C$83.00 in a research note released on Wednesday morning,BayStreet.CA reports.

BNS has been the topic of several other reports. National Bankshares boosted their price target on shares of Bank of Nova Scotia from C$71.00 to C$72.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 28th. TD Securities lifted their target price on Bank of Nova Scotia from C$77.00 to C$79.00 and gave the company a “buy” rating in a research note on Wednesday, May 28th. UBS Group dropped their price objective on Bank of Nova Scotia from C$85.00 to C$78.00 in a report on Thursday, May 22nd. Royal Bank Of Canada dropped their price objective on Bank of Nova Scotia from C$81.00 to C$80.00 and set a “sector perform” rating on the stock in a report on Monday, June 9th. Finally, Desjardins increased their price target on Bank of Nova Scotia from C$77.00 to C$79.00 and gave the company a “hold” rating in a report on Wednesday. Ten investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$78.29.

Bank of Nova Scotia Stock Up 0.4%

BNS stock opened at C$78.01 on Wednesday. The company has a market capitalization of C$95.60 billion, a P/E ratio of 12.33, a PEG ratio of 1.33 and a beta of 0.97. The company has a 50-day simple moving average of C$75.52 and a 200 day simple moving average of C$71.87. Bank of Nova Scotia has a fifty-two week low of C$62.47 and a fifty-two week high of C$80.14.

Bank of Nova Scotia Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 29th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, July 2nd. This is a boost from Bank of Nova Scotia’s previous quarterly dividend of $1.06. This represents a $4.40 dividend on an annualized basis and a dividend yield of 5.6%. Bank of Nova Scotia’s dividend payout ratio (DPR) is 67.00%.

About Bank of Nova Scotia

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.