Brokerages Set The Bank of Nova Scotia (TSE:BNS) PT at C$76.09

The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS has been assigned an average recommendation of "Hold" from the thirteen brokerages that are presently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$75.45.

Several research analysts have issued reports on BNS shares. Cibc World Mkts downgraded Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Jefferies Financial Group dropped their price objective on Bank of Nova Scotia from C$76.00 to C$70.00 in a report on Monday. Royal Bank of Canada lowered their price target on shares of Bank of Nova Scotia from C$83.00 to C$81.00 and set a "sector perform" rating for the company in a research report on Wednesday, February 26th. National Bankshares lowered their target price on shares of Bank of Nova Scotia from C$78.00 to C$71.00 and set a "sector perform" rating for the company in a report on Monday, April 7th. Finally, Bank of America downgraded Bank of Nova Scotia from a "buy" rating to a "neutral" rating and dropped their price objective for the company from C$82.00 to C$70.00 in a report on Monday, March 31st.

Bank of Nova Scotia Trading Up 1.5 %

TSE BNS traded up C$0.96 on Friday, hitting C$66.62. 8,739,054 shares of the company were exchanged, compared to its average volume of 5,299,119. Bank of Nova Scotia has a 1-year low of C$60.68 and a 1-year high of C$80.14. The company has a market cap of C$81.64 billion, a P/E ratio of 10.53, a P/E/G ratio of 1.33 and a beta of 0.97. The firm has a 50 day moving average of C$68.64 and a two-hundred day moving average of C$72.88.

Bank of Nova Scotia Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, April 28th will be issued a dividend of $1.06 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.36%. Bank of Nova Scotia's payout ratio is presently 67.00%.

Bank of Nova Scotia Company Profile

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.