Shares of The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS 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 trading hands.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on BNS shares. 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. CIBC increased their price target on shares of Bank of Nova Scotia from C$82.00 to C$84.00 in a research note on Tuesday, November 26th. Royal Bank of Canada lifted their price objective on shares of Bank of Nova Scotia from C$74.00 to C$83.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 8th. Accountability Research set a C$82.00 target price on shares of Bank of Nova Scotia and gave the company a "buy" rating in a report on Thursday, January 9th. Finally, UBS Group upgraded Bank of Nova Scotia from a "hold" rating to a "strong-buy" rating in a report on Monday, November 18th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$77.92.
Read Our Latest Stock Report on Bank of Nova Scotia
Bank of Nova Scotia Stock Performance
The stock's fifty day simple moving average is C$77.00 and its 200-day simple moving average is C$70.95. The stock has a market cap of C$91.23 billion, a P/E ratio of 12.88, a P/E/G ratio of 1.33 and a beta of 0.97.
Bank of Nova Scotia Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th will be paid a dividend of $1.06 per share. The ex-dividend date is Tuesday, January 7th. This represents a $4.24 dividend on an annualized basis and a yield of 5.76%. Bank of Nova Scotia's dividend payout ratio (DPR) is presently 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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