The Bank of Nova Scotia (TSE:BNS) Receives Consensus Recommendation of "Hold" from Analysts
The Bank of Nova Scotia (TSE:BNS) has received a consensus recommendation of "Hold" from thirteen brokerages. Nine analysts rated it as a hold, three as a buy, and one as a strong buy. The average 1-year target price is C$76.09. Recent price targets include C$81.00 from TD Securities and C$75.00 from CIBC. The stock opened at C$65.69, with a 1-year range of C$60.68 to C$80.14. A quarterly dividend of $1.06 per share will be paid on April 28th, representing a 6.45% yield.
Shares of The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS have been assigned a consensus recommendation of "Hold" from the thirteen brokerages that are presently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$76.09.
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BNS has been the subject of a number of recent analyst reports. 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 research note on Tuesday, March 4th. Royal Bank of Canada lowered their target price on Bank of Nova Scotia from C$83.00 to C$81.00 and set a "sector perform" rating on the stock in a research note on Wednesday, February 26th. Jefferies Financial Group reduced their price target on Bank of Nova Scotia from C$81.00 to C$77.00 in a report on Tuesday, February 18th. CIBC lowered their target price on shares of Bank of Nova Scotia from C$81.00 to C$75.00 in a research report on Wednesday, March 5th. Finally, National Bankshares cut 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 report on Monday, April 7th.
Get Our Latest Research Report on Bank of Nova Scotia
Bank of Nova Scotia Stock Performance
Bank of Nova Scotia stock opened at C$65.69 on Friday. Bank of Nova Scotia has a 1 year low of C$60.68 and a 1 year high of C$80.14. The firm has a market cap of C$80.50 billion, a price-to-earnings ratio of 10.38, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. The firm's 50 day moving average price is C$68.78 and its two-hundred day moving average price is C$72.93.
Bank of Nova Scotia Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, April 28th will be issued a dividend of $1.06 per share. The ex-dividend date is Tuesday, April 1st. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.45%. Bank of Nova Scotia's payout ratio is presently 67.00%.
Bank of Nova Scotia Company Profile
(Get Free ReportThe 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.
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