Bank of Nova Scotia (TSE:BNS) Given New C$63.00 Price Target at Barclays

Bank of Nova Scotia (TSE:BNS – Get Rating) (NYSE:BNS) had its price objective lowered by Barclays from C$64.00 to C$63.00 in a report issued on Thursday morning, BayStreet.CA reports.

Several other equities research analysts have also commented on BNS. Veritas Investment Research reiterated a reduce rating on shares of Bank of Nova Scotia in a research report on Monday, February 27th. Cormark dropped their price objective on shares of Bank of Nova Scotia from C$70.00 to C$69.00 in a research note on Thursday. Fundamental Research set a C$86.76 target price on Bank of Nova Scotia and gave the company a buy rating in a report on Tuesday, March 14th. BMO Capital Markets cut their target price on shares of Bank of Nova Scotia from C$75.00 to C$73.00 in a research note on Thursday. Finally, National Bankshares decreased their price target on shares of Bank of Nova Scotia from C$69.00 to C$66.00 and set a sector perform rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of Hold and an average target price of C$74.34.

Bank of Nova Scotia Trading Up 1.6 %

Shares of BNS opened at C$66.72 on Thursday. Bank of Nova Scotia has a twelve month low of C$63.19 and a twelve month high of C$86.22. The firm has a market capitalization of C$79.40 billion, a P/E ratio of 9.22, a PEG ratio of 2.97 and a beta of 0.94. The firm’s 50-day moving average is C$67.08 and its two-hundred day moving average is C$68.39.

Bank of Nova Scotia (TSE:BNS – Get Rating) (NYSE:BNS) last released its quarterly earnings results on Tuesday, February 28th. The bank reported C$1.85 earnings per share for the quarter, missing analysts’ consensus estimates of C$2.04 by C($0.19). The firm had revenue of C$7.98 billion during the quarter, compared to analyst estimates of C$8.25 billion. Bank of Nova Scotia had a return on equity of 12.30% and a net margin of 30.69%. Analysts predict that Bank of Nova Scotia will post 7.6121281 EPS for the current year.

Bank of Nova Scotia Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 26th. Stockholders of record on Tuesday, April 4th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, April 3rd. This represents a $4.12 annualized dividend and a dividend yield of 6.18%. Bank of Nova Scotia’s dividend payout ratio is presently 56.91%.

Bank of Nova Scotia Company Profile

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The Bank of Nova Scotia engages in the provision of various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through four segments: Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets.