The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS hit a new 52-week high during mid-day trading on Monday after BMO Capital Markets raised their price target on the stock from C$72.00 to C$84.00. The company traded as high as C$77.08 and last traded at C$76.63, with a volume of 462306 shares traded. The stock had previously closed at C$75.94.
Other equities research analysts have also recently issued reports about the company. Cibc World Mkts raised Bank of Nova Scotia from a "hold" rating to a "strong-buy" rating in a report on Friday, September 20th. CIBC raised Bank of Nova Scotia from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from C$78.00 to C$82.00 in a report on Friday, September 20th. Jefferies Financial Group lifted their price objective on shares of Bank of Nova Scotia from C$65.00 to C$69.00 and gave the stock a "hold" rating in a research note on Wednesday, August 28th. TD Securities lifted their price target on shares of Bank of Nova Scotia from C$80.00 to C$82.00 in a research note on Friday. Finally, Royal Bank of Canada upped their price target on shares of Bank of Nova Scotia from C$62.00 to C$65.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 28th. Ten analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Bank of Nova Scotia has a consensus rating of "Hold" and a consensus target price of C$70.17.
Read Our Latest Analysis on BNS
Bank of Nova Scotia Price Performance
The stock has a market cap of C$96.01 billion, a PE ratio of 13.58, a PEG ratio of 1.33 and a beta of 0.97. The company's fifty day moving average is C$72.54 and its 200-day moving average is C$67.12.
Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last posted its earnings results on Tuesday, August 27th. The bank reported C$1.63 earnings per share for the quarter, meeting the consensus estimate of C$1.63. The firm had revenue of C$8.36 billion during the quarter, compared to analyst estimates of C$8.50 billion. Bank of Nova Scotia had a net margin of 25.38% and a return on equity of 9.49%. Analysts expect that The Bank of Nova Scotia will post 7.1286267 EPS for the current year.
Bank of Nova Scotia Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Wednesday, October 2nd were paid a dividend of $1.06 per share. The ex-dividend date was Wednesday, October 2nd. This represents a $4.24 annualized dividend and a yield of 5.48%. Bank of Nova Scotia's dividend payout ratio is presently 74.26%.
Bank of Nova Scotia Company Profile
(
Get Free Report)
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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