Jefferies Financial Group Cuts Bank of Nova Scotia (TSE:BNS) Price Target to C$77.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective lowered by Jefferies Financial Group from C$81.00 to C$77.00 in a report issued on Tuesday morning,BayStreet.CA reports.

Other research analysts also recently issued research reports about the stock. UBS Group upgraded shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. Royal Bank of Canada boosted their target price on shares of Bank of Nova Scotia from C$74.00 to C$83.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 8th. TD Securities dropped their price target on shares of Bank of Nova Scotia from C$82.00 to C$81.00 and set a “buy” rating on the stock in a research report on Wednesday, December 4th. Accountability Research set a C$82.00 price objective on Bank of Nova Scotia and gave the stock a “buy” rating in a report on Thursday, January 9th. Finally, CIBC increased their price objective on Bank of Nova Scotia from C$82.00 to C$84.00 in a research note on Tuesday, November 26th. Nine analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$78.33.

Bank of Nova Scotia Stock Up 0.1 %

TSE BNS opened at C$72.48 on Tuesday. Bank of Nova Scotia has a 52 week low of C$60.68 and a 52 week high of C$80.14. The business has a 50 day moving average price of C$74.85 and a 200-day moving average price of C$72.65. The company has a market cap of C$88.82 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 1.33 and a beta of 0.97.

Bank of Nova Scotia Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th were given a $1.06 dividend. The ex-dividend date was Tuesday, January 7th. This represents a $4.24 annualized dividend and a yield of 5.85%. Bank of Nova Scotia’s dividend payout ratio is currently 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.