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$72.03 and traded as high as C$74.86. Bank of Nova Scotia shares last traded at C$74.46, with a volume of 6,599,488 shares.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on BNS shares. National Bankshares raised their target price on shares of Bank of Nova Scotia from C$71.00 to C$72.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 28th. Bank of America lowered shares of Bank of Nova Scotia from a "buy" rating to a "neutral" rating and cut their price objective for the company from C$82.00 to C$70.00 in a report on Monday, March 31st. Jefferies Financial Group increased their price objective on shares of Bank of Nova Scotia from C$70.00 to C$75.00 and gave the company a "hold" rating in a report on Wednesday, May 28th. Royal Bank Of Canada cut their price objective on shares of Bank of Nova Scotia from C$81.00 to C$80.00 and set a "sector perform" rating for the company in a report on Monday, June 9th. Finally, CIBC increased their price objective on shares of Bank of Nova Scotia from C$75.00 to C$77.00 in a report on Thursday, May 22nd. Nine analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of C$77.00.
Check Out Our Latest Report on Bank of Nova Scotia
Bank of Nova Scotia Stock Up 0.1%
The firm has a 50 day simple moving average of C$70.21 and a 200-day simple moving average of C$71.99. The company has a market cap of C$91.11 billion, a PE ratio of 11.75, a price-to-earnings-growth 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 Monday, April 28th. Stockholders of record on Monday, April 28th were paid a dividend of $1.06 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.70%. Bank of Nova Scotia's payout ratio is 67.00%.
About Bank of Nova Scotia
(
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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.
Further Reading
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