The Bank of Nova Scotia (TSE:BNS) Receives C$78.55 Average PT from Brokerages

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have received an average rating of “Hold” from the thirteen research firms that are covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$78.55.

BNS has been the subject of several recent research reports. Royal Bank of Canada cut their target price on shares of Bank of Nova Scotia from C$83.00 to C$81.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 26th. Jefferies Financial Group cut their price objective on shares of Bank of Nova Scotia from C$81.00 to C$77.00 in a research report on Tuesday, February 18th. Cibc World Mkts cut Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. CIBC cut their price target on Bank of Nova Scotia from C$81.00 to C$75.00 in a report on Wednesday, March 5th. Finally, Accountability Research set a C$82.00 price objective on Bank of Nova Scotia and gave the stock a “buy” rating in a research note on Thursday, January 9th.

Bank of Nova Scotia Stock Down 1.2 %

Bank of Nova Scotia stock opened at C$68.36 on Wednesday. Bank of Nova Scotia has a 52-week low of C$60.68 and a 52-week high of C$80.14. The company has a market cap of C$83.77 billion, a P/E ratio of 10.80, a P/E/G ratio of 1.33 and a beta of 0.97. The business has a 50-day simple moving average of C$71.54 and a two-hundred day simple moving average of C$73.68.

Bank of Nova Scotia Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th were paid a $1.06 dividend. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $4.24 annualized dividend and a yield of 6.20%. Bank of Nova Scotia’s payout ratio 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.