Bank of Nova Scotia (TSE:BNS - Free Report) NYSE: BNS had its target price raised by CIBC from C$75.00 to C$77.00 in a research note issued to investors on Thursday,BayStreet.CA reports.
Other research analysts have also recently issued research reports about the company. UBS Group reduced their target price on Bank of Nova Scotia from C$85.00 to C$78.00 in a report on Thursday, May 22nd. Cibc World Mkts cut Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Bank of America cut Bank of Nova Scotia from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from C$82.00 to C$70.00 in a research note on Monday, March 31st. Jefferies Financial Group reduced their price objective on Bank of Nova Scotia from C$76.00 to C$70.00 in a research note on Monday, April 21st. Finally, National Bankshares set a C$71.00 price objective on Bank of Nova Scotia and gave the stock a "sector perform" rating in a research note on Thursday, May 22nd. Nine investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of C$76.64.
Read Our Latest Research Report on BNS
Bank of Nova Scotia Stock Performance
Bank of Nova Scotia stock traded up C$1.17 during midday trading on Thursday, reaching C$72.91. The stock had a trading volume of 3,392,192 shares, compared to its average volume of 4,810,671. Bank of Nova Scotia has a twelve month low of C$60.68 and a twelve month high of C$80.14. The stock has a market capitalization of C$89.35 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. The stock's 50-day simple moving average is C$68.23 and its 200 day simple moving average is C$72.41.
Bank of Nova Scotia Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Monday, April 28th were given a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date was Tuesday, April 1st. 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.
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