Bank of Nova Scotia (TSE:BNS) Price Target Lowered to C$64.00 at Jefferies Financial Group

Bank of Nova Scotia (TSE:BNSFree Report) (NYSE:BNS) had its price target reduced by Jefferies Financial Group from C$69.00 to C$64.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports. Jefferies Financial Group currently has a hold rating on the bank’s stock.

Several other equities research analysts have also recently commented on the stock. Royal Bank of Canada lowered their price target on shares of Bank of Nova Scotia from C$64.00 to C$62.00 and set a sector perform rating for the company in a research report on Wednesday, May 29th. BMO Capital Markets lifted their price objective on Bank of Nova Scotia from C$69.00 to C$74.00 in a research note on Friday, April 5th. TD Securities lowered their target price on shares of Bank of Nova Scotia from C$72.00 to C$69.00 in a research note on Friday, May 10th. Canaccord Genuity Group increased their price target on Bank of Nova Scotia from C$70.00 to C$71.00 and gave the stock a hold rating in a report on Wednesday, May 29th. Finally, CIBC raised their target price on shares of Bank of Nova Scotia from C$64.00 to C$68.00 and gave the stock a neutral rating in a report on Wednesday, May 29th. One research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of C$66.68.

View Our Latest Report on Bank of Nova Scotia

Bank of Nova Scotia Stock Down 0.4 %

Bank of Nova Scotia stock opened at C$64.71 on Thursday. The business’s 50-day simple moving average is C$65.42 and its 200 day simple moving average is C$64.24. The stock has a market cap of C$79.59 billion, a price-to-earnings ratio of 10.68, a P/E/G ratio of 1.33 and a beta of 0.98. Bank of Nova Scotia has a 12-month low of C$55.20 and a 12-month high of C$70.40.

Bank of Nova Scotia Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Wednesday, July 3rd will be issued a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 6.55%. The ex-dividend date of this dividend is Wednesday, July 3rd. Bank of Nova Scotia’s payout ratio is 69.97%.

About Bank of Nova Scotia

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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.

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Analyst Recommendations for Bank of Nova Scotia (TSE:BNS)

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