The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS 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
Several analysts have recently issued reports on the company. Accountability Research set a C$82.00 price objective on Bank of Nova Scotia and gave the company a "buy" rating in a research note on Thursday, January 9th. Canaccord Genuity Group raised Bank of Nova Scotia from a "hold" rating to a "buy" rating and raised their price objective for the stock from C$71.00 to C$84.00 in a report on Tuesday, November 19th. Royal Bank of Canada raised their price objective on Bank of Nova Scotia from C$74.00 to C$83.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 8th. TD Securities lowered their price target on 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. Finally, National Bankshares raised their price objective on shares of Bank of Nova Scotia from C$66.00 to C$78.00 in a research report on Wednesday, November 20th. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$77.92.
Read Our Latest Stock Report on BNS
Bank of Nova Scotia Trading Down 0.1 %
The company's 50 day moving average price is C$75.37 and its 200-day moving average price is C$72.52. The company has a market capitalization of C$88.95 billion, a PE ratio of 11.47, a PEG 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 was paid on Wednesday, January 29th. Stockholders 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 dividend yield of 5.84%. Bank of Nova Scotia's dividend payout ratio 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.
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