The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS's share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$70.88 and traded as high as C$74.75. Bank of Nova Scotia shares last traded at C$73.57, with a volume of 4,470,534 shares.
Wall Street Analyst Weigh In
BNS has been the subject of a number of recent research reports. TD Securities decreased their price objective on Bank of Nova Scotia from C$82.00 to C$81.00 and set a "buy" rating on the stock in a report on Wednesday, December 4th. Accountability Research set a C$82.00 price target on Bank of Nova Scotia and gave the company a "buy" rating in a research report on Thursday, January 9th. National Bankshares lifted their price objective on Bank of Nova Scotia from C$66.00 to C$78.00 in a report on Wednesday, November 20th. Royal Bank of Canada upped their target price on shares of 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. Finally, CIBC increased their target price on shares of Bank of Nova Scotia from C$82.00 to C$84.00 in a research report on Tuesday, November 26th. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$77.92.
View Our Latest Research Report on BNS
Bank of Nova Scotia Trading Up 0.4 %
The firm's 50 day moving average price is C$77.00 and its two-hundred day moving average price is C$71.08. The company has a market capitalization of C$91.59 billion, a P/E ratio of 12.94, a PEG ratio of 1.33 and a beta of 0.97.
Bank of Nova Scotia Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th will be given a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date of this dividend is Tuesday, January 7th. Bank of Nova Scotia's dividend payout ratio (DPR) is presently 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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