The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS has earned an average rating of "Hold" from the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$79.09.
Several research analysts have weighed in on BNS shares. CIBC downgraded Bank of Nova Scotia from an "outperform" rating to a "neutral" rating and cut their price target for the company from C$84.00 to C$81.00 in a report on Tuesday, February 18th. BMO Capital Markets boosted their price target on Bank of Nova Scotia from C$72.00 to C$84.00 in a report on Monday, November 18th. UBS Group upgraded Bank of Nova Scotia from a "hold" rating to a "strong-buy" rating in a report on Monday, November 18th. Bank of America upgraded Bank of Nova Scotia from a "neutral" rating to a "buy" rating and boosted their price target for the company from C$73.00 to C$90.00 in a report on Tuesday, November 19th. Finally, Royal Bank of Canada cut their price target on Bank of Nova Scotia from C$83.00 to C$81.00 and set a "sector perform" rating for the company in a report on Wednesday, February 26th.
Read Our Latest Stock Report on Bank of Nova Scotia
Bank of Nova Scotia Stock Performance
BNS stock traded down C$1.38 on Friday, reaching C$70.26. The company had a trading volume of 6,720,236 shares, compared to its average volume of 4,533,212. Bank of Nova Scotia has a 1 year low of C$60.68 and a 1 year high of C$80.14. The company's fifty day moving average is C$73.90 and its 200 day moving average is C$73.18. The company has a market cap of C$86.10 billion, a P/E ratio of 11.10, a PEG ratio of 1.33 and a beta of 0.97.
Bank of Nova Scotia Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors 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 dividend on an annualized basis and a yield of 6.03%. Bank of Nova Scotia's dividend payout ratio (DPR) is 67.00%.
Bank of Nova Scotia Company Profile
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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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