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 Monday . The stock has a 200-day moving average of C$69.36 and traded as high as C$77.14. Bank of Nova Scotia shares last traded at C$77.08, with a volume of 5,274,005 shares trading hands.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on BNS. Jefferies Financial Group upped their price objective on Bank of Nova Scotia from C$65.00 to C$69.00 and gave the stock a "hold" rating in a research report on Wednesday, August 28th. Canaccord Genuity Group raised Bank of Nova Scotia from a "hold" rating to a "buy" rating and upped their price target for the company from C$71.00 to C$84.00 in a report on Tuesday, November 19th. BMO Capital Markets increased their price target on shares of Bank of Nova Scotia from C$72.00 to C$84.00 in a research note on Monday, November 18th. TD Securities reduced their price objective on shares of Bank of Nova Scotia from C$82.00 to C$81.00 and set a "buy" rating for the company in a research report on Wednesday, December 4th. Finally, Bank of America raised shares of Bank of Nova Scotia from a "neutral" rating to a "buy" rating and increased their target price for the company from C$73.00 to C$90.00 in a research report on Tuesday, November 19th. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$76.73.
Check Out Our Latest Stock Report on Bank of Nova Scotia
Bank of Nova Scotia Stock Performance
The company has a 50-day moving average of C$75.87 and a 200-day moving average of C$69.45. The stock has a market cap of C$95.52 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 1.33 and a beta of 0.97.
Bank of Nova Scotia Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Tuesday, January 7th will be issued a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 5.50%. 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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