The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has received an average rating of “Buy” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$84.44.
BNS has been the topic of a number of research reports. National Bankshares boosted their price objective on The Bank of Nova Scotia from C$81.00 to C$84.00 and gave the stock a “sector perform” rating in a research report on Wednesday, June 2nd. Fundamental Research upped their price target on The Bank of Nova Scotia from C$71.70 to C$79.30 and gave the company a “buy” rating in a research report on Tuesday, March 2nd. CSFB upped their price target on The Bank of Nova Scotia from C$84.00 to C$85.00 in a research report on Monday, June 7th. Cormark upped their price target on The Bank of Nova Scotia from C$88.00 to C$93.00 and gave the company a “na” rating in a research report on Thursday, June 3rd. Finally, CIBC reiterated an “outperform” rating and issued a C$91.00 price target on shares of The Bank of Nova Scotia in a research report on Tuesday, June 1st.
Shares of BNS stock opened at C$79.63 on Friday. The company has a market cap of C$96.66 billion and a price-to-earnings ratio of 12.83. The Bank of Nova Scotia has a twelve month low of C$53.54 and a twelve month high of C$82.35. The stock’s fifty day moving average price is C$79.49.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 28th. Investors of record on Tuesday, July 6th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.52%. The Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 58.00%.
About The Bank of Nova Scotia
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 Banking and Markets, and Global Wealth Management segments.
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