The Bank of Nova Scotia (TSE:BNS – Get Free Report) (NYSE:BNS)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$72.32 and traded as high as C$73.88. Bank of Nova Scotia shares last traded at C$73.83, with a volume of 3,389,126 shares changing hands.
Wall Street Analyst Weigh In
BNS has been the subject of a number of research reports. Cibc World Mkts cut Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Jefferies Financial Group boosted their price target on Bank of Nova Scotia from C$70.00 to C$75.00 and gave the stock a “hold” rating in a research report on Wednesday, May 28th. Bank of America lowered Bank of Nova Scotia from a “buy” rating to a “neutral” rating and lowered their price objective for the company from C$82.00 to C$70.00 in a report on Monday, March 31st. CIBC boosted their target price on Bank of Nova Scotia from C$75.00 to C$77.00 in a report on Thursday, May 22nd. Finally, Royal Bank of Canada dropped their price target on shares of Bank of Nova Scotia from C$83.00 to C$81.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$77.00.
Check Out Our Latest Analysis on Bank of Nova Scotia
Bank of Nova Scotia Stock Performance
Bank of Nova Scotia Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Monday, April 28th were given a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date of this dividend was Tuesday, April 1st. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 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.
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