The Bank of Nova Scotia (TSE:BNS) Receives C$66.97 Average Price Target from Brokerages

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have been assigned a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$66.97.

A number of equities research analysts have recently weighed in on the stock. 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. Jefferies Financial Group increased their price objective on Bank of Nova Scotia from C$63.00 to C$66.00 and gave the company a “hold” rating in a research report on Wednesday, February 28th. Royal Bank of Canada lifted their target price on Bank of Nova Scotia from C$62.00 to C$64.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 28th. CIBC lowered their price objective on Bank of Nova Scotia from C$66.00 to C$64.00 and set a “neutral” rating on the stock in a research report on Friday, March 8th. Finally, TD Securities increased their price target on Bank of Nova Scotia from C$64.00 to C$65.00 and gave the company a “hold” rating in a research note on Wednesday, February 28th.

Bank of Nova Scotia Price Performance

Shares of Bank of Nova Scotia stock opened at C$64.69 on Friday. The company has a 50 day simple moving average of C$66.43 and a two-hundred day simple moving average of C$63.24. The firm has a market cap of C$78.92 billion, a PE ratio of 10.59, a PEG ratio of 1.33 and a beta of 0.96. Bank of Nova Scotia has a 1 year low of C$55.20 and a 1 year high of C$70.40.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings data on Tuesday, February 27th. The bank reported C$1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.61 by C$0.08. The firm had revenue of C$8.43 billion for the quarter, compared to analysts’ expectations of C$8.12 billion. Bank of Nova Scotia had a return on equity of 10.20% and a net margin of 26.75%. As a group, research analysts anticipate that Bank of Nova Scotia will post 6.5706967 earnings per share for the current year.

Bank of Nova Scotia Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Tuesday, April 2nd were issued a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 6.55%. The ex-dividend date of this dividend was Monday, April 1st. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 69.39%.

Bank of Nova Scotia Company Profile

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.