The Bank of Nova Scotia (TSE:BNS) Given Average Rating of “Hold” by Brokerages

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has received a consensus rating of “Hold” from the twelve research firms that are covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$90.67.

BNS has been the subject of several analyst reports. Desjardins upped their target price on shares of Bank of Nova Scotia from C$79.00 to C$85.00 and gave the company a “hold” rating in a research note on Wednesday, August 27th. Raymond James Financial set a C$108.00 price objective on shares of Bank of Nova Scotia and gave the stock an “outperform” rating in a report on Tuesday, November 25th. TD Securities boosted their price target on Bank of Nova Scotia from C$93.00 to C$99.00 in a research note on Monday, November 10th. Bank of America increased their price target on Bank of Nova Scotia from C$78.00 to C$88.00 in a report on Wednesday, August 27th. Finally, National Bankshares set a C$81.00 price objective on Bank of Nova Scotia and gave the stock a “sector perform” rating in a report on Monday, September 22nd.

Bank of Nova Scotia Stock Up 0.1%

Shares of TSE:BNS opened at C$96.94 on Monday. Bank of Nova Scotia has a 52-week low of C$62.57 and a 52-week high of C$97.12. The company has a 50 day moving average of C$91.82 and a two-hundred day moving average of C$82.72. The company has a market capitalization of C$120.44 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 1.33 and a beta of 1.33.

Bank of Nova Scotia Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 29th. Stockholders of record on Wednesday, October 29th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, October 7th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.5%. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 81.84%.

Bank of Nova Scotia Company Profile

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.