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

Shares of The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS have been given an average recommendation of "Hold" by the fourteen brokerages that are covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$77.31.

BNS has been the topic of several recent research reports. CIBC upped their target price on shares of Bank of Nova Scotia from C$75.00 to C$77.00 in a research note on Thursday, May 22nd. Royal Bank Of Canada lowered their target price 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. Jefferies Financial Group increased their price target on shares of Bank of Nova Scotia from C$70.00 to C$75.00 and gave the stock a "hold" rating in a research note on Wednesday, May 28th. UBS Group cut their price objective on shares of Bank of Nova Scotia from C$85.00 to C$78.00 in a research report on Thursday, May 22nd. Finally, Barclays cut their price objective on shares of Bank of Nova Scotia from C$81.00 to C$78.00 and set an "equal weight" rating for the company in a research report on Monday, June 9th.

Bank of Nova Scotia Trading Down 0.0%

TSE BNS opened at C$74.96 on Friday. The company has a fifty day simple moving average of C$72.41 and a two-hundred day simple moving average of C$71.75. The stock has a market cap of C$91.86 billion, a P/E ratio of 11.84, a P/E/G ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a 12-month low of C$60.68 and a 12-month high of C$80.14.

Bank of Nova Scotia Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 29th will be given a $1.10 dividend. This is a positive change from Bank of Nova Scotia's previous quarterly dividend of $1.06. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 5.87%. Bank of Nova Scotia's dividend payout ratio (DPR) is currently 67.00%.

Bank of Nova Scotia Company Profile

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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