The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS's share price reached a new 52-week high on Monday . The company traded as high as C$75.74 and last traded at C$75.67, with a volume of 325687 shares trading hands. The stock had previously closed at C$75.05.
Analysts Set New Price Targets
A number of research firms have weighed in on BNS. Cormark cut their price target on Bank of Nova Scotia from C$68.00 to C$65.00 and set a "market perform" rating on the stock in a research note on Tuesday, August 20th. Cibc World Mkts upgraded Bank of Nova Scotia from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 20th. TD Securities upgraded Bank of Nova Scotia from a "hold" rating to a "buy" rating and raised their price target for the company from C$71.00 to C$80.00 in a research note on Monday, November 4th. Jefferies Financial Group raised their price target on Bank of Nova Scotia from C$65.00 to C$69.00 and gave the company a "hold" rating in a research note on Wednesday, August 28th. Finally, CIBC raised Bank of Nova Scotia from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from C$78.00 to C$82.00 in a report on Friday, September 20th. 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 company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of C$69.00.
Check Out Our Latest Research Report on BNS
Bank of Nova Scotia Stock Up 0.3 %
The stock has a fifty day moving average of C$71.69 and a 200-day moving average of C$66.71. The stock has a market cap of C$93.33 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97.
Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last released its quarterly earnings results on Tuesday, August 27th. The bank reported C$1.63 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of C$1.63. Bank of Nova Scotia had a return on equity of 9.49% and a net margin of 25.38%. The firm had revenue of C$8.36 billion for the quarter, compared to analyst estimates of C$8.50 billion. Equities research analysts forecast that The Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.
Bank of Nova Scotia Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Wednesday, October 2nd were given a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a yield of 5.63%. The ex-dividend date was Wednesday, October 2nd. Bank of Nova Scotia's payout ratio is 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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