The Bank of Nova Scotia (TSE:BNS) Receives C$76.73 Consensus Price Target from Analysts

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$76.73.

Several equities analysts have weighed in on BNS shares. Barclays raised Bank of Nova Scotia from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 21st. TD Securities dropped their price objective on shares of Bank of Nova Scotia from C$82.00 to C$81.00 and set a “buy” rating for the company in a report on Wednesday, December 4th. CIBC increased their target price on shares of Bank of Nova Scotia from C$82.00 to C$84.00 in a report on Tuesday, November 26th. BMO Capital Markets raised their price target on shares of Bank of Nova Scotia from C$72.00 to C$84.00 in a research report on Monday, November 18th. Finally, Royal Bank of Canada upped their price objective on Bank of Nova Scotia from C$65.00 to C$74.00 in a research report on Wednesday, December 4th.

Bank of Nova Scotia Trading Down 1.5 %

Shares of TSE BNS opened at C$77.16 on Monday. The stock has a market capitalization of C$95.68 billion, a PE ratio of 13.51, a PEG ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a twelve month low of C$60.68 and a twelve month high of C$80.14. The stock has a fifty day simple moving average of C$75.55 and a 200-day simple moving average of C$69.12.

Bank of Nova Scotia Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Tuesday, January 7th will be issued a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 5.50%. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 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.