Bank of Nova Scotia (TSE:BNS) Price Target Cut to C$78.00 by Analysts at Barclays

Bank of Nova Scotia (TSE:BNS - Free Report) NYSE: BNS had its price target decreased by Barclays from C$81.00 to C$78.00 in a report published on Monday,BayStreet.CA reports. Barclays currently has an equal weight rating on the bank's stock.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group raised their price objective on Bank of Nova Scotia from C$70.00 to C$75.00 and gave the company a "hold" rating in a research report on Wednesday, May 28th. UBS Group lowered their price objective on Bank of Nova Scotia from C$85.00 to C$78.00 in a research report on Thursday, May 22nd. TD Securities lifted their price target on Bank of Nova Scotia from C$77.00 to C$79.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Cibc World Mkts lowered Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, National Bankshares lifted their price target on Bank of Nova Scotia from C$71.00 to C$72.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 28th. Nine investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of C$77.00.

Bank of Nova Scotia Trading Down 0.0%

Bank of Nova Scotia stock traded down C$0.01 on Monday, hitting C$73.98. 5,660,004 shares of the stock traded hands, compared to its average volume of 4,808,559. The firm has a market cap of C$90.66 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. The business's fifty day simple moving average is C$69.26 and its 200 day simple moving average is C$72.18. Bank of Nova Scotia has a 1 year low of C$60.68 and a 1 year high of C$80.14.

Bank of Nova Scotia Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Monday, April 28th were paid a dividend of $1.06 per share. The ex-dividend date was Tuesday, April 1st. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.73%. Bank of Nova Scotia's dividend payout ratio is currently 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.