Analysts Set The Bank of Nova Scotia (TSE:BNS) PT at C$67.92

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have earned a consensus rating of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat Ratings reports. Twelve research analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$67.92.

BNS has been the topic of several recent research reports. BMO Capital Markets cut their price target on Bank of Nova Scotia from C$74.00 to C$72.00 and set a “market perform” rating on the stock in a report on Wednesday, August 28th. TD Securities raised their price target on Bank of Nova Scotia from C$69.00 to C$71.00 and gave the stock a “hold” rating in a report on Wednesday, August 28th. National Bankshares cut their target price on Bank of Nova Scotia from C$67.00 to C$66.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 29th. Royal Bank of Canada lifted their target price on Bank of Nova Scotia from C$62.00 to C$65.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 28th. Finally, CIBC boosted their price objective on Bank of Nova Scotia from C$68.00 to C$78.00 in a research note on Friday.

Bank of Nova Scotia Stock Performance

The company has a market cap of C$86.27 billion, a P/E ratio of 12.00, a price-to-earnings-growth ratio of 1.33 and a beta of 0.96. Bank of Nova Scotia has a 1-year low of C$55.20 and a 1-year high of C$70.40. The business has a 50-day moving average of C$64.30 and a 200 day moving average of C$65.08.

Bank of Nova Scotia Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 29th. Investors of record on Wednesday, October 2nd will be issued a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Wednesday, October 2nd. Bank of Nova Scotia’s payout ratio is 74.26%.

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.