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

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price lifted by TD Securities from C$87.00 to C$93.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a buy rating on the bank’s stock.

Other equities analysts have also issued research reports about the stock. Canaccord Genuity Group upped their price target on shares of Bank of Nova Scotia from C$87.00 to C$90.00 and gave the stock a “buy” rating in a research report on Wednesday. Bank of America upped their price target on shares of Bank of Nova Scotia from C$78.00 to C$88.00 in a research report on Wednesday. CIBC upped their price target on shares of Bank of Nova Scotia from C$77.00 to C$90.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th. Barclays upped their price target on shares of Bank of Nova Scotia from C$81.00 to C$86.00 in a research report on Wednesday. Finally, Jefferies Financial Group upped their price target on shares of Bank of Nova Scotia from C$75.00 to C$83.00 in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$85.62.

Bank of Nova Scotia Stock Performance

Shares of BNS stock opened at C$85.13 on Wednesday. Bank of Nova Scotia has a one year low of C$62.57 and a one year 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. The firm has a market capitalization of C$104.32 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth 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 dividend of $1.10 per share. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $1.06. This represents a $4.40 annualized dividend and a yield of 5.2%. The ex-dividend date was Wednesday, July 2nd. Bank of Nova Scotia’s payout ratio is presently 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.