The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$66.18 and traded as high as C$72.90. Bank of Nova Scotia shares last traded at C$71.99, with a volume of 3,981,734 shares traded.
Wall Street Analyst Weigh In
A number of analysts recently commented on BNS shares. Cibc World Mkts raised shares of Bank of Nova Scotia from a "hold" rating to a "strong-buy" rating in a report on Friday, September 20th. UBS Group set a C$67.00 price target on shares of Bank of Nova Scotia and gave the stock a "neutral" rating in a research note on Tuesday, July 2nd. CIBC upgraded Bank of Nova Scotia from a "neutral" rating to an "outperform" rating and upped their target price for the company from C$78.00 to C$82.00 in a research note on Friday, September 20th. Jefferies Financial Group lifted their target price on Bank of Nova Scotia from C$65.00 to C$69.00 and gave the company a "hold" rating in a report on Wednesday, August 28th. Finally, Royal Bank of Canada boosted their price objective on shares of Bank of Nova Scotia from C$62.00 to C$65.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 28th. Eleven analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Bank of Nova Scotia presently has a consensus rating of "Hold" and an average target price of C$68.25.
View Our Latest Research Report on BNS
Bank of Nova Scotia Trading Down 1.0 %
The company has a market cap of C$89.27 billion, a P/E ratio of 12.61, a P/E/G ratio of 1.33 and a beta of 0.97. The company's 50-day moving average price is C$70.00 and its two-hundred day moving average price is C$66.21.
Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last announced its quarterly earnings data on Tuesday, August 27th. The bank reported C$1.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$1.63. The firm had revenue of C$8.36 billion for the quarter, compared to analysts' expectations of C$8.50 billion. Bank of Nova Scotia had a return on equity of 9.49% and a net margin of 25.38%. As a group, analysts anticipate that The Bank of Nova Scotia will post 7.1286267 earnings per share for the current year.
Bank of Nova Scotia Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 29th. Investors of record on Wednesday, October 2nd will be given a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date is Wednesday, October 2nd. Bank of Nova Scotia's dividend payout ratio is presently 74.26%.
Bank of Nova Scotia Company Profile
(
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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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