The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$71.49 and traded as high as C$74.94. Bank of Nova Scotia shares last traded at C$74.91, with a volume of 2,961,843 shares changing hands.
Wall Street Analyst Weigh In
Several brokerages have recently commented on BNS. Bank of America raised Bank of Nova Scotia from a "neutral" rating to a "buy" rating and boosted their target price for the stock from C$73.00 to C$90.00 in a report on Tuesday, November 19th. Royal Bank of Canada boosted their target price on Bank of Nova Scotia from C$74.00 to C$83.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 8th. CIBC boosted their target price on Bank of Nova Scotia from C$82.00 to C$84.00 in a report on Tuesday, November 26th. BMO Capital Markets boosted their target price on Bank of Nova Scotia from C$72.00 to C$84.00 in a report on Monday, November 18th. Finally, Accountability Research set a C$82.00 price objective on Bank of Nova Scotia and gave the stock a "buy" rating in a report on Thursday, January 9th. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$77.92.
Check Out Our Latest Stock Analysis on BNS
Bank of Nova Scotia Price Performance
The company has a market cap of C$93.12 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. The business's fifty day moving average price is C$76.90 and its 200 day moving average price is C$71.59.
Bank of Nova Scotia Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th will be paid a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 5.65%. The ex-dividend date of this dividend is Tuesday, January 7th. Bank of Nova Scotia's dividend payout ratio (DPR) is currently 74.26%.
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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