The Bank of Nova Scotia (TSE:BNS) Receives Consensus Rating of "Hold" from Analysts

The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS has earned an average recommendation of "Hold" from the thirteen research firms that are presently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$77.00.

Several analysts have recently issued reports on BNS shares. National Bankshares increased their price target 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 report on Wednesday, May 28th. Royal Bank of Canada reduced their price target 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 research report on Monday. UBS Group reduced their price target on shares of Bank of Nova Scotia from C$85.00 to C$78.00 in a research report on Thursday, May 22nd. CIBC increased their price target on shares of Bank of Nova Scotia from C$75.00 to C$77.00 in a research report on Thursday, May 22nd. Finally, TD Securities increased their price target on shares of Bank of Nova Scotia from C$77.00 to C$79.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th.

Bank of Nova Scotia Trading Down 0.6%

TSE BNS traded down C$0.41 during trading hours on Monday, reaching C$73.57. The company had a trading volume of 4,486,349 shares, compared to its average volume of 4,805,682. The stock has a 50-day moving average of C$69.26 and a 200 day moving average of C$72.18. Bank of Nova Scotia has a 1-year low of C$60.68 and a 1-year high of C$80.14. The stock has a market capitalization of C$90.16 billion, a P/E ratio of 11.63, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97.

Bank of Nova Scotia Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Monday, April 28th were issued a $1.06 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $4.24 annualized dividend and a yield of 5.76%. Bank of Nova Scotia's dividend payout ratio (DPR) is 67.00%.

Bank of Nova Scotia Company Profile

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.