Shares of The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS have been given a consensus recommendation of "Moderate Buy" by the fourteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$77.92.
A number of equities analysts recently issued reports on BNS shares. Accountability Research set a C$82.00 price target on Bank of Nova Scotia and gave the stock a "buy" rating in a report on Thursday, January 9th. UBS Group raised Bank of Nova Scotia from a "hold" rating to a "strong-buy" rating in a report on Monday, November 18th. TD Securities decreased their price target on Bank of Nova Scotia from C$82.00 to C$81.00 and set a "buy" rating for the company in a report on Wednesday, December 4th. Royal Bank of Canada boosted 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 note on Wednesday, January 8th. Finally, Canaccord Genuity Group upgraded shares of Bank of Nova Scotia from a "hold" rating to a "buy" rating and upped their price objective for the stock from C$71.00 to C$84.00 in a research report on Tuesday, November 19th.
Read Our Latest Research Report on BNS
Bank of Nova Scotia Stock Performance
Bank of Nova Scotia stock traded down C$0.12 during midday trading on Tuesday, hitting C$72.77. 3,326,852 shares of the company's stock were exchanged, compared to its average volume of 5,009,241. The stock has a market cap of C$90.23 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a 12-month low of C$60.68 and a 12-month high of C$80.14. The firm's 50 day simple moving average is C$76.15 and its 200 day simple moving average is C$72.05.
Bank of Nova Scotia Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th were given 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 5.83%. Bank of Nova Scotia's payout ratio is currently 74.26%.
About Bank of Nova Scotia
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Get Free ReportThe 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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