The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS's stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on BNS. Barclays raised Bank of Nova Scotia from a "strong sell" rating to a "hold" rating in a report on Thursday, November 21st. TD Securities reduced their price objective on Bank of Nova Scotia from C$82.00 to C$81.00 and set a "buy" rating for the company in a research note on Wednesday, December 4th. CIBC lifted their target price on shares of Bank of Nova Scotia from C$82.00 to C$84.00 in a research note on Tuesday, November 26th. BMO Capital Markets increased their target price on shares of Bank of Nova Scotia from C$72.00 to C$84.00 in a research report on Monday, November 18th. Finally, Bank of America upgraded shares of Bank of Nova Scotia from a "neutral" rating to a "buy" rating and boosted their price target for the stock 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, five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$77.92.
Read Our Latest Stock Analysis on BNS
Bank of Nova Scotia Stock Performance
The firm has a market cap of C$88.95 billion, a PE ratio of 11.47, a PEG ratio of 1.33 and a beta of 0.97. The firm's 50 day moving average price is C$75.48 and its two-hundred day moving average price is C$72.33.
Bank of Nova Scotia Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th were paid a dividend of $1.06 per share. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $4.24 annualized dividend and a yield of 5.84%. Bank of Nova Scotia's dividend payout ratio (DPR) is 67.00%.
Bank of Nova Scotia Company Profile
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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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