TD Securities Analysts Give Bank of Nova Scotia (TSE:BNS) a C$81.00 Price Target

TD Securities set a C$81.00 price objective on Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) in a research note published on Tuesday,BayStreet.CA reports. The brokerage currently has a buy rating on the bank’s stock.

BNS has been the topic of a number of other reports. National Bankshares raised 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. UBS Group raised shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 18th. 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. BMO Capital Markets raised their target price on shares of Bank of Nova Scotia from C$72.00 to C$84.00 in a research report on Monday, November 18th. Finally, Accountability Research set a C$82.00 target price on shares of Bank of Nova Scotia and gave the stock a “buy” rating in a research report on Thursday, January 9th. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$78.55.

Bank of Nova Scotia Stock Performance

Shares of TSE:BNS opened at C$68.88 on Tuesday. The firm has a market cap of C$84.41 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. The firm’s 50 day simple moving average is C$73.59 and its 200-day simple moving average is C$73.20. Bank of Nova Scotia has a one year low of C$60.68 and a one year high of C$80.14.

Bank of Nova Scotia Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th were paid a $1.06 dividend. The ex-dividend date was Tuesday, January 7th. This represents a $4.24 annualized dividend and a yield of 6.16%. Bank of Nova Scotia’s dividend payout ratio (DPR) is 67.00%.

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.