The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS's stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$71.49 and traded as high as C$74.94. Bank of Nova Scotia shares last traded at C$74.91, with a volume of 2,961,843 shares changing hands.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. Canaccord Genuity Group raised Bank of Nova Scotia from a "hold" rating to a "buy" rating and raised their price target for the stock from C$71.00 to C$84.00 in a research note on Tuesday, November 19th. BMO Capital Markets lifted their target price on Bank of Nova Scotia from C$72.00 to C$84.00 in a report on Monday, November 18th. National Bankshares increased their price objective on shares of Bank of Nova Scotia from C$66.00 to C$78.00 in a research report on Wednesday, November 20th. Accountability Research set a C$82.00 target price on Bank of Nova Scotia and gave the stock a "buy" rating in a research report on Thursday, January 9th. Finally, Royal Bank of Canada raised their target price on Bank of Nova Scotia from C$74.00 to C$83.00 and gave the company a "sector perform" rating in a report on Wednesday, January 8th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Bank of Nova Scotia currently has an average rating of "Moderate Buy" and a consensus price target of C$77.92.
Read Our Latest Stock Report on Bank of Nova Scotia
Bank of Nova Scotia Stock Down 0.9 %
The stock has a market cap of C$92.21 billion, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. The firm's 50 day simple moving average is C$76.76 and its two-hundred day simple moving average is C$71.73.
Bank of Nova Scotia Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th were issued a $1.06 dividend. 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 5.70%. Bank of Nova Scotia's dividend payout ratio is currently 74.26%.
Bank of Nova Scotia Company Profile
(
Get Free Report)
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.
Read More
Before you consider Bank of Nova Scotia, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bank of Nova Scotia wasn't on the list.
While Bank of Nova Scotia currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
