Bank of Nova Scotia (TSE:BNS) Given New C$86.00 Price Target at Barclays

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price lifted by Barclays from C$81.00 to C$86.00 in a research note published on Wednesday,BayStreet.CA reports.

A number of other brokerages also recently commented on BNS. Jefferies Financial Group raised their price objective on shares of Bank of Nova Scotia from C$75.00 to C$83.00 in a research report on Wednesday, August 13th. TD Securities raised their price objective on shares of Bank of Nova Scotia from C$77.00 to C$79.00 and gave the company a “buy” rating in a research report on Wednesday, May 28th. Desjardins raised their price objective on shares of Bank of Nova Scotia from C$79.00 to C$85.00 and gave the company a “hold” rating in a research report on Wednesday. UBS Group reduced their price objective on shares of Bank of Nova Scotia from C$85.00 to C$78.00 in a research report on Thursday, May 22nd. Finally, Canaccord Genuity Group lifted their price target on shares of Bank of Nova Scotia from C$87.00 to C$90.00 and gave the company a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$85.62.

Bank of Nova Scotia Stock Up 0.2%

Shares of TSE:BNS opened at C$85.13 on Wednesday. The company has a market cap of C$104.32 billion, a P/E ratio of 13.45, a PEG ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a 52 week low of C$62.57 and a 52 week high of C$86.39. The company has a 50-day moving average price of C$76.74 and a 200 day moving average price of C$72.31.

Bank of Nova Scotia Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 29th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Wednesday, July 2nd. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $1.06. Bank of Nova Scotia’s payout ratio is 67.00%.

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.