Bank of Nova Scotia (TSE:BNS) Stock Price Crosses Above 200-Day Moving Average of $62.75

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$62.75 and traded as high as C$64.80. Bank of Nova Scotia shares last traded at C$64.22, with a volume of 2,766,852 shares.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Desjardins raised their price objective on Bank of Nova Scotia from C$64.00 to C$68.00 and gave the stock a “hold” rating in a research note on Wednesday, February 28th. National Bankshares boosted their price objective on Bank of Nova Scotia from C$66.00 to C$67.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 28th. Royal Bank of Canada upped their price target on Bank of Nova Scotia from C$62.00 to C$64.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 28th. TD Securities increased their price objective on Bank of Nova Scotia from C$64.00 to C$65.00 and gave the stock a “hold” rating in a research note on Wednesday, February 28th. Finally, CIBC decreased their price target on Bank of Nova Scotia from C$66.00 to C$64.00 and set a “neutral” rating for the company in a research report on Friday, March 8th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$66.97.

Bank of Nova Scotia Price Performance

The stock has a fifty day moving average price of C$66.37 and a 200 day moving average price of C$62.75. The stock has a market capitalization of C$78.35 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 1.33 and a beta of 0.96.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings data on Tuesday, February 27th. The bank reported C$1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.61 by C$0.08. Bank of Nova Scotia had a return on equity of 10.20% and a net margin of 26.75%. The company had revenue of C$8.43 billion for the quarter, compared to the consensus estimate of C$8.12 billion. Research analysts anticipate that The Bank of Nova Scotia will post 6.5752475 earnings per share for the current year.

Bank of Nova Scotia Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Tuesday, April 2nd will be given a dividend of $1.06 per share. The ex-dividend date of this dividend is Monday, April 1st. This represents a $4.24 dividend on an annualized basis and a yield of 6.60%. Bank of Nova Scotia’s payout ratio is 69.39%.

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.