The Bank of Nova Scotia (TSE:BNS) Receives C$66.68 Average PT from Brokerages

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have been assigned a consensus rating of “Reduce” from the thirteen ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and twelve have issued a hold recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$66.68.

Several analysts recently commented on BNS shares. Royal Bank of Canada reduced their price objective on shares of Bank of Nova Scotia from C$64.00 to C$62.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 29th. Desjardins increased their price objective on shares of Bank of Nova Scotia from C$64.00 to C$68.00 and gave the stock a “hold” rating in a research report on Wednesday, February 28th. Canaccord Genuity Group raised their price target on shares of Bank of Nova Scotia from C$70.00 to C$71.00 and gave the company a “hold” rating in a report on Wednesday, May 29th. Jefferies Financial Group reduced their price target on shares of Bank of Nova Scotia from C$69.00 to C$64.00 and set a “hold” rating on the stock in a research report on Thursday, June 6th. Finally, BMO Capital Markets raised their price target on shares of Bank of Nova Scotia from C$69.00 to C$74.00 in a research report on Friday, April 5th.

Bank of Nova Scotia Price Performance

TSE BNS opened at C$62.33 on Monday. The firm’s fifty day moving average price is C$64.39 and its 200 day moving average price is C$64.60. The company has a market capitalization of C$76.67 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 1.33 and a beta of 0.98. Bank of Nova Scotia has a 12 month low of C$55.20 and a 12 month high of C$70.40.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its earnings results on Tuesday, May 28th. The bank reported C$1.58 earnings per share for the quarter, beating the consensus estimate of C$1.55 by C$0.03. The business had revenue of C$8.35 billion for the quarter, compared to the consensus estimate of C$8.32 billion. Bank of Nova Scotia had a net margin of 26.41% and a return on equity of 9.89%. As a group, sell-side analysts forecast that Bank of Nova Scotia will post 6.4780876 earnings per share for the current year.

Bank of Nova Scotia Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Wednesday, July 3rd will be issued a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date is Wednesday, July 3rd. Bank of Nova Scotia’s dividend payout ratio is presently 69.97%.

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.