The Bank of Nova Scotia (TSE:BNS) Given Consensus Recommendation of “Hold” by Analysts

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has earned an average rating of “Hold” from the thirteen research firms that are presently covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$77.00.

A number of research analysts recently weighed in on BNS shares. UBS Group reduced their price objective on Bank of Nova Scotia from C$85.00 to C$78.00 in a research report on Thursday, May 22nd. TD Securities raised their price objective on Bank of Nova Scotia from C$77.00 to C$79.00 and gave the company a “buy” rating in a research report on Wednesday, May 28th. Royal Bank of Canada reduced their price objective on Bank of Nova Scotia from C$83.00 to C$81.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 26th. Bank of America lowered Bank of Nova Scotia from a “buy” rating to a “neutral” rating and reduced their price objective for the company from C$82.00 to C$70.00 in a research report on Monday, March 31st. Finally, National Bankshares lifted their target price on Bank of Nova Scotia from C$71.00 to C$72.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 28th.

Bank of Nova Scotia Stock Performance

Shares of TSE:BNS opened at C$73.83 on Monday. Bank of Nova Scotia has a 52-week low of C$60.68 and a 52-week high of C$80.14. The firm has a market capitalization of C$90.47 billion, a P/E ratio of 11.67, a P/E/G ratio of 1.33 and a beta of 0.97. The stock has a 50 day moving average price of C$69.03 and a 200-day moving average price of C$72.24.

Bank of Nova Scotia Announces Dividend

The business 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. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $4.24 annualized dividend and a yield of 5.74%. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 67.00%.

About 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 Wealth Management, and Global Banking and Markets segments.