UBS Group Analysts Give Bank of Nova Scotia (TSE:BNS) a C$67.00 Price Target

UBS Group set a C$67.00 price target on Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) in a research note released on Tuesday, MarketBeat reports. The brokerage currently has a neutral rating on the bank’s stock.

Other analysts have also issued research reports about the stock. CIBC lifted their price objective on shares of Bank of Nova Scotia from C$64.00 to C$68.00 and gave the stock a neutral rating in a research report on Wednesday, May 29th. TD Securities lowered their price objective on shares of Bank of Nova Scotia from C$72.00 to C$69.00 in a research report on Friday, May 10th. Jefferies Financial Group lowered their price objective on shares of Bank of Nova Scotia from C$69.00 to C$64.00 and set a hold rating on the stock in a research report on Thursday, June 6th. National Bankshares reduced their target price on shares of Bank of Nova Scotia from C$67.00 to C$66.00 and set a sector perform rating for the company in a research note on Wednesday, May 29th. Finally, BMO Capital Markets lifted their target price on shares of Bank of Nova Scotia from C$69.00 to C$74.00 in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of C$66.70.

Bank of Nova Scotia Price Performance

BNS opened at C$62.06 on Tuesday. The company’s 50-day moving average is C$64.17 and its 200 day moving average is C$64.60. Bank of Nova Scotia has a fifty-two week low of C$55.20 and a fifty-two week high of C$70.40. The firm has a market capitalization of C$76.33 billion, a P/E ratio of 10.26, a PEG ratio of 1.33 and a beta of 0.98.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings data on Tuesday, May 28th. The bank reported C$1.58 EPS for the quarter, topping the consensus estimate of C$1.55 by C$0.03. The business had revenue of C$8.35 billion for the quarter, compared to analyst estimates of C$8.32 billion. Bank of Nova Scotia had a net margin of 26.41% and a return on equity of 9.89%. On average, equities research analysts expect that Bank of Nova Scotia will post 6.4780876 earnings per share for the current year.

Bank of Nova Scotia Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Monday, July 29th will be paid a dividend of $1.06 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $4.24 annualized dividend and a yield of 6.83%. Bank of Nova Scotia’s dividend payout ratio is currently 69.97%.

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.