Bank of Nova Scotia (TSE:BNS) Given New C$83.00 Price Target at Royal Bank of Canada

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price upped by Royal Bank of Canada from C$74.00 to C$83.00 in a research note published on Wednesday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the bank’s stock.

A number of other equities research analysts also recently weighed in on the company. TD Securities cut their price target on Bank of Nova Scotia from C$82.00 to C$81.00 and set a “buy” rating for the company in a research note on Wednesday, December 4th. Cibc World Mkts upgraded shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 20th. National Bankshares boosted their target price on shares of Bank of Nova Scotia from C$66.00 to C$78.00 in a research report on Wednesday, November 20th. Canaccord Genuity Group raised shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$71.00 to C$84.00 in a research note on Tuesday, November 19th. Finally, Barclays raised shares of Bank of Nova Scotia from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 21st. Seven research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$77.55.

Bank of Nova Scotia Stock Down 0.5 %

Bank of Nova Scotia stock opened at C$74.33 on Wednesday. Bank of Nova Scotia has a 12 month low of C$60.68 and a 12 month high of C$80.14. The company’s fifty day simple moving average is C$76.88 and its 200-day simple moving average is C$70.41. The stock has a market cap of C$92.17 billion, a P/E ratio of 13.02, a P/E/G ratio of 1.33 and a beta of 0.97.

Bank of Nova Scotia Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th will be issued a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 5.70%. The ex-dividend date is Tuesday, January 7th. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 74.26%.

About Bank of Nova Scotia

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.