Bank of Nova Scotia (TSE:BNS) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) to an outperform rating in a report issued on Monday, Marketbeat.com reports.

Several other equities research analysts also recently issued reports on the company. Jefferies Financial Group increased their price target on Bank of Nova Scotia from C$86.00 to C$96.00 in a report on Tuesday. TD Securities boosted their price objective on Bank of Nova Scotia from C$93.00 to C$99.00 in a research report on Monday, November 10th. CIBC raised their target price on shares of Bank of Nova Scotia from C$93.00 to C$100.00 in a report on Wednesday, November 19th. Royal Bank Of Canada lifted their price target 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 research note on Wednesday, August 27th. Finally, Bank of America upped their price target on shares of Bank of Nova Scotia from C$78.00 to C$88.00 in a report on Wednesday, August 27th. Four research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Bank of Nova Scotia has a consensus rating of “Hold” and an average price target of C$90.67.

Bank of Nova Scotia Stock Up 1.3%

BNS opened at C$96.88 on Monday. The stock has a market cap of C$120.37 billion, a P/E ratio of 18.52, a P/E/G ratio of 1.33 and a beta of 1.33. Bank of Nova Scotia has a 12 month low of C$62.57 and a 12 month high of C$96.88. The company has a fifty day simple moving average of C$91.52 and a 200 day simple moving average of C$82.27.

Bank of Nova Scotia Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 29th. Investors of record on Wednesday, October 29th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.5%. The ex-dividend date was Tuesday, October 7th. Bank of Nova Scotia’s dividend payout ratio (DPR) is 81.84%.

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.