The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS's stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$72.27 and traded as high as C$73.13. Bank of Nova Scotia shares last traded at C$72.63, with a volume of 1,513,285 shares trading hands.
Analysts Set New Price Targets
BNS has been the subject of several recent analyst reports. BMO Capital Markets upped their target price on Bank of Nova Scotia from C$72.00 to C$84.00 in a research note on Monday, November 18th. Jefferies Financial Group dropped their price objective on Bank of Nova Scotia from C$81.00 to C$77.00 in a research report on Tuesday. CIBC downgraded Bank of Nova Scotia from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from C$84.00 to C$81.00 in a research note on Tuesday. Canaccord Genuity Group raised shares of Bank of Nova Scotia from a "hold" rating to a "buy" rating and increased their target price for the stock from C$71.00 to C$84.00 in a report on Tuesday, November 19th. Finally, TD Securities decreased their price target on shares of 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. Eight analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$78.33.
Check Out Our Latest Stock Analysis on BNS
Bank of Nova Scotia Price Performance
The company has a market cap of C$88.44 billion, a price-to-earnings ratio of 11.40, 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$75.11 and its 200 day moving average price is C$72.59.
Bank of Nova Scotia Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th were given a $1.06 dividend. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.88%. Bank of Nova Scotia's dividend payout ratio (DPR) is presently 67.00%.
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.
See Also
Before you consider Bank of Nova Scotia, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bank of Nova Scotia wasn't on the list.
While Bank of Nova Scotia currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
