Bank of Nova Scotia (TSE:BNS) Given a C$82.00 Price Target by Accountability Research Analysts

Accountability Research set a C$82.00 price target on Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) in a research report released on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the bank’s stock.

Several other equities analysts have also issued reports on BNS. Barclays upgraded Bank of Nova Scotia from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 21st. Canaccord Genuity Group raised Bank of Nova Scotia from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$71.00 to C$84.00 in a research report on Tuesday, November 19th. National Bankshares increased their price objective on Bank of Nova Scotia from C$66.00 to C$78.00 in a report on Wednesday, November 20th. Cibc World Mkts raised shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a report on Friday, September 20th. Finally, CIBC upped their price target on shares of Bank of Nova Scotia from C$82.00 to C$84.00 in a research report on Tuesday, November 26th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$77.92.

Bank of Nova Scotia Price Performance

TSE BNS opened at C$74.62 on Thursday. The firm’s fifty day moving average price is C$76.91 and its 200 day moving average price is C$70.49. Bank of Nova Scotia has a 12 month low of C$60.68 and a 12 month high of C$80.14. The company has a market capitalization of C$92.53 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth 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 will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th will be issued a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date is Tuesday, January 7th. Bank of Nova Scotia’s dividend payout ratio is presently 74.26%.

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.