Bank of Nova Scotia (TSE:BNS) Given a C$71.00 Price Target at National Bankshares

National Bankshares set a C$71.00 price target on Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) in a research report sent to investors on Thursday,BayStreet.CA reports. The firm currently has a sector perform rating on the bank’s stock.

BNS has been the subject of a number of other reports. UBS Group lowered their target price on Bank of Nova Scotia from C$85.00 to C$78.00 in a research note on Thursday. Bank of America lowered Bank of Nova Scotia from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from C$82.00 to C$70.00 in a research report on Monday, March 31st. CIBC lowered their price objective on Bank of Nova Scotia from C$81.00 to C$75.00 in a research report on Wednesday, March 5th. 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, March 4th. Finally, Royal Bank of Canada lowered their price objective on Bank of Nova Scotia from C$83.00 to C$81.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$76.64.

Bank of Nova Scotia Stock Performance

Shares of TSE:BNS opened at C$71.55 on Thursday. Bank of Nova Scotia has a twelve month low of C$60.68 and a twelve month high of C$80.14. The firm has a market cap of C$87.68 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. The business has a fifty day moving average of C$68.13 and a 200-day moving average of C$72.45.

Bank of Nova Scotia Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Monday, April 28th were issued a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date of this dividend was Tuesday, April 1st. Bank of Nova Scotia’s dividend payout ratio (DPR) 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.