The Bank of Nova Scotia (TSE:BNS) Receives C$66.57 Average PT from Analysts

Shares of The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS have been assigned a consensus recommendation of "Reduce" from the fourteen analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$66.57.

A number of analysts have weighed in on BNS shares. TD Securities increased their target price on shares of Bank of Nova Scotia from C$68.00 to C$69.00 in a research report on Thursday, August 8th. UBS Group set a C$67.00 price objective on shares of Bank of Nova Scotia and gave the stock a "neutral" rating in a research report on Tuesday, July 2nd. Canaccord Genuity Group raised their price objective on shares of Bank of Nova Scotia from C$70.00 to C$71.00 and gave the stock a "hold" rating in a research report on Wednesday, May 29th. Royal Bank of Canada reduced their price objective on shares of Bank of Nova Scotia from C$64.00 to C$62.00 and set a "sector perform" rating for the company in a research report on Wednesday, May 29th. Finally, CIBC increased their target price on Bank of Nova Scotia from C$64.00 to C$68.00 and gave the stock a "neutral" rating in a report on Wednesday, May 29th.

Bank of Nova Scotia Price Performance

BNS traded up C$0.90 on Tuesday, hitting C$62.39. 3,249,656 shares of the stock were exchanged, compared to its average volume of 4,131,579. Bank of Nova Scotia has a 12 month low of C$55.20 and a 12 month high of C$70.40. The business has a 50-day moving average of C$63.40 and a two-hundred day moving average of C$64.72. The firm has a market capitalization of C$76.74 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 1.33 and a beta of 0.98.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last posted its earnings results on Tuesday, May 28th. The bank reported C$1.58 EPS for the quarter, topping analysts' consensus estimates of C$1.55 by C$0.03. Bank of Nova Scotia had a net margin of 26.41% and a return on equity of 9.89%. The firm had revenue of C$8.35 billion during the quarter, compared to analysts' expectations of C$8.32 billion. Equities research analysts expect that Bank of Nova Scotia will post 6.4780876 earnings per share for the current fiscal year.

Bank of Nova Scotia Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 29th. Shareholders of record on Monday, July 29th were issued a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date was Wednesday, July 3rd. Bank of Nova Scotia's payout ratio is presently 69.97%.

About Bank of Nova Scotia

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.