Shares of The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$71.51 and traded as high as C$76.17. Bank of Nova Scotia shares last traded at C$76.00, with a volume of 7,685,457 shares.
Analyst Ratings Changes
A number of analysts recently weighed in on BNS shares. National Bankshares increased their price objective 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 report on Wednesday, May 28th. UBS Group dropped their price objective on shares of Bank of Nova Scotia from C$85.00 to C$78.00 in a report on Thursday, May 22nd. Royal Bank Of Canada dropped their price objective on shares of Bank of Nova Scotia from C$81.00 to C$80.00 and set a "sector perform" rating on the stock in a report on Monday, June 9th. 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. Finally, 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 stock a "hold" rating in a report on Wednesday, May 28th. Nine equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Bank of Nova Scotia presently has an average rating of "Hold" and an average target price of C$77.62.
Check Out Our Latest Stock Analysis on BNS
Bank of Nova Scotia Stock Performance
The company's 50 day moving average price is C$74.21 and its 200-day moving average price is C$71.58. The company has a market cap of C$94.87 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.33 and a beta of 0.97.
Bank of Nova Scotia Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 29th will be paid a $1.10 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $4.40 annualized dividend and a dividend yield of 5.68%. This is a boost from Bank of Nova Scotia's previous quarterly dividend of $1.06. Bank of Nova Scotia's payout ratio is currently 67.00%.
About Bank of Nova Scotia
(
Get Free Report)
Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
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