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$68.76 and traded as high as C$79.04. Bank of Nova Scotia shares last traded at C$78.92, with a volume of 2,665,497 shares traded.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on BNS shares. Barclays raised Bank of Nova Scotia from a "strong sell" rating to a "hold" rating in a research report on Thursday, November 21st. UBS Group raised shares of Bank of Nova Scotia from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 18th. Canaccord Genuity Group raised shares of Bank of Nova Scotia from a "hold" rating to a "buy" rating and increased their price objective for the stock from C$71.00 to C$84.00 in a research report on Tuesday, November 19th. Cormark cut their price objective on shares of Bank of Nova Scotia from C$68.00 to C$65.00 and set a "market perform" rating on the stock in a research report on Tuesday, August 20th. Finally, National Bankshares upped their target price on shares of Bank of Nova Scotia from C$66.00 to C$78.00 in a research note on Wednesday, November 20th. Seven 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$76.73.
View Our Latest Report on BNS
Bank of Nova Scotia Trading Up 0.4 %
The company has a market cap of C$97.86 billion, a P/E ratio of 13.82, a PEG ratio of 1.33 and a beta of 0.97. The business has a 50 day moving average price of C$75.21 and a 200-day moving average price of C$68.87.
Bank of Nova Scotia Dividend Announcement
The company 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 annualized dividend and a yield of 5.37%. Bank of Nova Scotia's dividend payout ratio (DPR) is currently 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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