Bank of Nova Scotia (TSE:BNS) Given a C$81.00 Price Target by National Bankshares Analysts

National Bankshares set a C$81.00 target price on Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) in a report published on Monday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the bank’s stock.

A number of other brokerages have also recently commented on BNS. CIBC raised their target price on Bank of Nova Scotia from C$90.00 to C$93.00 and gave the stock a “neutral” rating in a report on Friday, September 5th. Desjardins increased their price target on Bank of Nova Scotia from C$79.00 to C$85.00 and gave the stock a “hold” rating in a research note on Wednesday, August 27th. Canaccord Genuity Group increased their price target on Bank of Nova Scotia from C$87.00 to C$90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 27th. TD Securities increased their price target on Bank of Nova Scotia from C$87.00 to C$93.00 and gave the stock a “buy” rating in a research note on Wednesday, August 27th. Finally, Royal Bank Of Canada increased their price target on Bank of Nova Scotia from C$80.00 to C$86.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 27th. One equities 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$85.85.

Bank of Nova Scotia Stock Performance

Shares of Bank of Nova Scotia stock opened at C$89.06 on Monday. Bank of Nova Scotia has a one year low of C$62.57 and a one year high of C$90.00. The stock’s fifty day moving average is C$81.41 and its 200 day moving average is C$74.35. The stock has a market cap of C$110.65 billion, a P/E ratio of 17.03, a P/E/G ratio of 1.33 and a beta of 1.35.

Bank of Nova Scotia Increases Dividend

The company also recently disclosed 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. 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. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.9%. Bank of Nova Scotia’s dividend payout ratio (DPR) is 81.84%.

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.