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

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective raised by Jefferies Financial Group from C$83.00 to C$86.00 in a report released on Wednesday morning,BayStreet.CA reports.

A number of other equities research analysts have also weighed in on the stock. TD Securities raised their price objective on shares of Bank of Nova Scotia from C$87.00 to C$93.00 and gave the company a “buy” rating in a report on Wednesday. Canaccord Genuity Group raised their price objective on shares of Bank of Nova Scotia from C$87.00 to C$90.00 and gave the company a “buy” rating in a report on Wednesday. Royal Bank Of Canada raised their price objective on shares of Bank of Nova Scotia from C$80.00 to C$86.00 and gave the company a “sector perform” rating in a report on Wednesday. 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 report on Wednesday. Finally, CIBC raised their price objective on shares of Bank of Nova Scotia from C$77.00 to C$90.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bank of Nova Scotia has a consensus rating of “Hold” and a consensus price target of C$85.62.

Bank of Nova Scotia Trading Up 0.2%

Shares of BNS opened at C$85.13 on Wednesday. Bank of Nova Scotia has a twelve month low of C$62.57 and a twelve month high of C$86.39. The firm’s fifty day simple moving average is C$76.74 and its 200-day simple moving average is C$72.31. The firm has a market capitalization of C$104.32 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 1.33 and a beta of 0.97.

Bank of Nova Scotia Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 29th were paid a $1.10 dividend. 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 yield of 5.2%. The ex-dividend date was Wednesday, July 2nd. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 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.