Bank of Nova Scotia (TSE:BNS) Given New C$75.00 Price Target at CIBC

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective trimmed by CIBC from C$81.00 to C$75.00 in a research note published on Wednesday,BayStreet.CA reports.

Several other equities analysts have also recently weighed in on BNS. TD Securities set a C$81.00 price objective on Bank of Nova Scotia and gave the stock a “buy” rating in a research report on Tuesday. Jefferies Financial Group reduced their price objective on Bank of Nova Scotia from C$81.00 to C$77.00 in a research report on Tuesday, February 18th. National Bankshares raised their price objective on shares of Bank of Nova Scotia from C$66.00 to C$78.00 in a research note on Wednesday, November 20th. UBS Group upgraded shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. Finally, Accountability Research set a C$82.00 price target on shares of Bank of Nova Scotia and gave the stock a “buy” rating in a research report on Thursday, January 9th. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$78.55.

Bank of Nova Scotia Price Performance

Bank of Nova Scotia stock opened at C$69.70 on Wednesday. Bank of Nova Scotia has a fifty-two week low of C$60.68 and a fifty-two week high of C$80.14. The firm has a fifty day moving average price of C$73.75 and a two-hundred day moving average price of C$73.15. The firm has a market cap of C$85.41 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 1.33 and a beta of 0.97.

Bank of Nova Scotia Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Tuesday, January 7th were given a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 6.08%. The ex-dividend date was Tuesday, January 7th. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 67.00%.

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.