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

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has been assigned an average rating of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$78.55.

BNS has been the subject of several recent research reports. Accountability Research set a C$82.00 price objective on Bank of Nova Scotia and gave the stock a “buy” rating in a report on Thursday, January 9th. CIBC reduced their target price on shares of Bank of Nova Scotia from C$81.00 to C$75.00 in a research note on Wednesday. Canaccord Genuity Group upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating and upped their price target for the company from C$71.00 to C$84.00 in a research note on Tuesday, November 19th. TD Securities set a C$81.00 price objective on shares of Bank of Nova Scotia and gave the stock a “buy” rating in a report on Tuesday. Finally, Royal Bank of Canada lowered their target price 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 report on Wednesday, February 26th.

Bank of Nova Scotia Price Performance

TSE:BNS opened at C$69.70 on Friday. The company has a market capitalization of C$85.41 billion, a P/E ratio of 11.01, a P/E/G ratio of 1.33 and a beta of 0.97. The business has a fifty day simple moving average of C$73.75 and a two-hundred day simple moving average of C$73.15. Bank of Nova Scotia has a 1 year low of C$60.68 and a 1 year high of C$80.14.

Bank of Nova Scotia Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Tuesday, January 7th were given a $1.06 dividend. The ex-dividend date was Tuesday, January 7th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.08%. 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.