The Bank of Nova Scotia (TSE:BNS – Get Rating) (NYSE:BNS) has earned an average rating of “Hold” from the fifteen analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$76.45.
A number of analysts have recently commented on the stock. Veritas Investment Research reissued a “reduce” rating on shares of Bank of Nova Scotia in a research report on Monday, February 27th. TD Securities cut their price objective on shares of Bank of Nova Scotia from C$72.00 to C$69.00 and set a “hold” rating on the stock in a research report on Wednesday, March 1st. BMO Capital Markets cut their price objective on shares of Bank of Nova Scotia from C$85.00 to C$75.00 in a research report on Wednesday, March 1st. Barclays lowered shares of Bank of Nova Scotia from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from C$78.00 to C$64.00 in a research report on Tuesday, May 9th. Finally, Royal Bank of Canada cut their price objective on shares of Bank of Nova Scotia from C$77.00 to C$76.00 in a research report on Monday, March 27th.
Bank of Nova Scotia Stock Performance
Shares of TSE BNS opened at C$66.53 on Friday. The stock has a market cap of C$79.17 billion, a P/E ratio of 9.19, a P/E/G ratio of 2.97 and a beta of 0.94. The firm has a 50 day moving average price of C$67.03 and a 200 day moving average price of C$68.39. Bank of Nova Scotia has a 52-week low of C$63.19 and a 52-week high of C$86.22.
Bank of Nova Scotia Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 26th. Stockholders of record on Tuesday, April 4th were issued a $1.03 dividend. The ex-dividend date was Monday, April 3rd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 6.19%. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 56.91%.
Bank of Nova Scotia Company Profile
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.
- MarketBeat Week in Review – 5/15 – 5/19
- Applied Materials: Cracks In The Chip Recovery Or Time To Buy?
- Deere & Company Rallies On Farm Equipment Boom, Bullish Outlook
- How Many Roth IRAs Can You Have?
- Why You Should Consider Buying Nvidia Ahead Of Earnings
Receive News & Ratings for Bank of Nova Scotia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Nova Scotia and related companies with MarketBeat.com's FREE daily email newsletter.