National Bankshares Boosts Bank of Nova Scotia (TSE:BNS) Price Target to C$78.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price increased by National Bankshares from C$66.00 to C$78.00 in a report released on Wednesday,BayStreet.CA reports.

A number of other equities analysts also recently commented on the company. Canaccord Genuity Group upgraded Bank of Nova Scotia from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$71.00 to C$84.00 in a research note on Tuesday. CIBC upgraded Bank of Nova Scotia from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from C$78.00 to C$82.00 in a research report on Friday, September 20th. Bank of America raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating and upped their price target for the company from C$73.00 to C$90.00 in a research report on Tuesday. TD Securities lifted their price objective on shares of Bank of Nova Scotia from C$80.00 to C$82.00 in a report on Friday, November 15th. Finally, BMO Capital Markets boosted their target price on shares of Bank of Nova Scotia from C$72.00 to C$84.00 in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$74.75.

Bank of Nova Scotia Trading Up 0.4 %

Bank of Nova Scotia stock opened at C$78.71 on Wednesday. Bank of Nova Scotia has a 52 week low of C$56.83 and a 52 week high of C$78.99. The stock has a market cap of C$97.60 billion, a P/E ratio of 13.78, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. The stock has a 50 day moving average of C$73.12 and a 200-day moving average of C$67.40.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its quarterly earnings results on Tuesday, August 27th. The bank reported C$1.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$1.63. The firm had revenue of C$8.36 billion for the quarter, compared to analysts’ expectations of C$8.50 billion. Bank of Nova Scotia had a net margin of 25.38% and a return on equity of 9.49%. As a group, equities analysts predict that Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

Bank of Nova Scotia Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Wednesday, October 2nd were given a $1.06 dividend. The ex-dividend date was Wednesday, October 2nd. This represents a $4.24 annualized dividend and a yield of 5.39%. Bank of Nova Scotia’s dividend payout ratio is presently 74.26%.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.