Weekly Research Analysts’ Ratings Updates for Bank of Nova Scotia (BNS)

A number of research firms have changed their ratings and price targets for Bank of Nova Scotia (TSE: BNS):

  • 11/27/2019 – Bank of Nova Scotia had its price target lowered by analysts at Royal Bank of Canada from C$80.00 to C$78.00. They now have a “sector perform” rating on the stock.
  • 11/27/2019 – Bank of Nova Scotia had its price target lowered by analysts at TD Securities from C$79.00 to C$77.00. They now have a “hold” rating on the stock.
  • 11/25/2019 – Bank of Nova Scotia had its price target raised by analysts at Canaccord Genuity from C$74.00 to C$77.00.
  • 11/22/2019 – Bank of Nova Scotia had its price target raised by analysts at National Bank Financial from C$75.00 to C$79.00. They now have a “sector perform” rating on the stock.
  • 11/21/2019 – Bank of Nova Scotia had its price target raised by analysts at CIBC from C$77.00 to C$81.00.
  • 11/5/2019 – Bank of Nova Scotia had its price target raised by analysts at Desjardins from C$80.00 to C$82.00. They now have a “buy” rating on the stock.

Shares of BNS traded down C$0.74 during trading on Tuesday, reaching C$73.94. The company’s stock had a trading volume of 2,419,096 shares, compared to its average volume of 2,510,463. The company has a fifty day moving average of C$75.66 and a two-hundred day moving average of C$72.25. Bank of Nova Scotia has a twelve month low of C$66.36 and a twelve month high of C$76.75. The company has a market cap of $91.14 billion and a price-to-earnings ratio of 11.08.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Tuesday, January 7th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date of this dividend is Monday, January 6th. Bank of Nova Scotia’s payout ratio is currently 52.28%.

The Bank of Nova Scotia provides various banking products and services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and related creditor insurance to individuals and small businesses; and commercial banking solutions comprising lending, deposit, cash management, and trade finance solutions to medium and large businesses, including automotive dealers and their customers.

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