The Bank of Nova Scotia (TSE:BNS) Receives C$79.09 Consensus Price Target from Brokerages

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has received a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$79.09.

Several equities analysts recently weighed in on BNS shares. Jefferies Financial Group decreased their target price on shares of Bank of Nova Scotia from C$81.00 to C$77.00 in a research note on Tuesday, February 18th. TD Securities decreased 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 research report on Wednesday, December 4th. BMO Capital Markets upped their target price on shares of Bank of Nova Scotia from C$72.00 to C$84.00 in a report on Monday, November 18th. Royal Bank of Canada reduced their price target on Bank of Nova Scotia from C$83.00 to C$81.00 and set a “sector perform” rating for the company in a report on Wednesday, February 26th. Finally, Accountability Research set a C$82.00 price objective on Bank of Nova Scotia and gave the company a “buy” rating in a research note on Thursday, January 9th.

Bank of Nova Scotia Stock Down 0.3 %

BNS stock opened at C$71.64 on Friday. The company has a market cap of C$87.79 billion, a price-to-earnings ratio of 11.32, a P/E/G 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 business has a 50 day moving average price of C$74.04 and a two-hundred day moving average price of C$73.20.

Bank of Nova Scotia Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Tuesday, January 7th were paid a $1.06 dividend. The ex-dividend date was Tuesday, January 7th. This represents a $4.24 annualized dividend and a dividend yield of 5.92%. 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.