Analysts Set The Bank of Nova Scotia (TSE:BNS) PT at C$76.09

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has received an average rating of “Hold” from the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating 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$75.45.

Several research analysts recently weighed in on BNS shares. Accountability Research set a C$82.00 price objective on shares of Bank of Nova Scotia and gave the stock a “buy” rating in a research report on Thursday, January 9th. Jefferies Financial Group decreased their price target on shares of Bank of Nova Scotia from C$76.00 to C$70.00 in a report on Monday. CIBC dropped their price objective on shares of Bank of Nova Scotia from C$81.00 to C$75.00 in a report on Wednesday, March 5th. National Bankshares reduced their target price on Bank of Nova Scotia from C$78.00 to C$71.00 and set a “sector perform” rating on the stock in a research note on Monday, April 7th. Finally, Royal Bank of Canada dropped 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 research note on Wednesday, February 26th.

Bank of Nova Scotia Stock Up 0.1 %

Shares of TSE BNS opened at C$67.31 on Friday. The firm has a market capitalization of C$82.48 billion, a P/E ratio of 10.64, a P/E/G ratio of 1.33 and a beta of 0.97. The stock’s 50-day simple moving average is C$68.30 and its two-hundred day simple moving average is C$72.76. Bank of Nova Scotia has a twelve month low of C$60.68 and a twelve month high of C$80.14.

Bank of Nova Scotia Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, April 28th will be issued a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 6.30%. The ex-dividend date of this dividend is Tuesday, April 1st. Bank of Nova Scotia’s dividend payout ratio is 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.