Bank of Nova Scotia (TSE:BNS - Free Report) NYSE: BNS had its price objective decreased by National Bankshares from C$78.00 to C$71.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the bank's stock.
BNS has been the subject of a number of other research reports. Jefferies Financial Group cut their price objective on shares of Bank of Nova Scotia from C$81.00 to C$77.00 in a research report on Tuesday, February 18th. Cibc World Mkts cut Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. CIBC lowered their price objective on Bank of Nova Scotia from C$81.00 to C$75.00 in a research report on Wednesday, March 5th. Royal Bank of Canada reduced their target price on shares of Bank of Nova Scotia from C$83.00 to C$81.00 and set a "sector perform" rating for the company in a report on Wednesday, February 26th. Finally, Accountability Research set a C$82.00 price target on shares of Bank of Nova Scotia and gave the company a "buy" rating in a report on Thursday, January 9th. Nine equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Bank of Nova Scotia currently has a consensus rating of "Hold" and a consensus price target of C$76.09.
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Bank of Nova Scotia Price Performance
Shares of TSE:BNS traded up C$0.33 during trading on Monday, hitting C$63.97. The company's stock had a trading volume of 4,152,391 shares, compared to its average volume of 5,351,119. The firm has a market cap of C$78.39 billion, a price-to-earnings ratio of 10.11, a P/E/G ratio of 1.33 and a beta of 0.97. The company has a 50-day moving average of C$69.50 and a 200-day moving average of C$73.20. Bank of Nova Scotia has a 12 month low of C$60.68 and a 12 month high of C$80.14.
Bank of Nova Scotia Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, April 28th will be issued a $1.06 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $4.24 annualized dividend and a dividend yield of 6.63%. Bank of Nova Scotia's dividend payout ratio (DPR) is 67.00%.
About Bank of Nova Scotia
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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.
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