Bank of Nova Scotia (NYSE:BNS)‘s stock had its “outperform” rating reaffirmed by equities researchers at RBC Capital in a research report issued on Monday, StockRatingsNetwork.com reports.
A number of other analysts have also recently weighed in on BNS. Analysts at Barclays raised their price target on shares of Bank of Nova Scotia from C$64.00 to C$66.00 in a research note to investors on Monday. They now have an “equal weight” rating on the stock. Separately, analysts at National Bank Financial downgraded shares of Bank of Nova Scotia from an “outperform” rating to a “sector perform” rating in a research note to investors on Monday. They now have a $68.00 price target on the stock. Finally, analysts at Scotiabank downgraded shares of Bank of Nova Scotia from an “outperform” rating to a “sector perform” rating in a research note to investors on Monday. They now have a $68.00 price target on the stock. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $67.00.
Bank of Nova Scotia (NYSE:BNS) traded up 0.68% on Monday, hitting $60.45. 501,398 shares of the company’s stock traded hands. Bank of Nova Scotia has a one year low of $52.05 and a one year high of $63.50. The stock has a 50-day moving average of $61.23 and a 200-day moving average of $57.49. The company has a market cap of $72.739 billion and a price-to-earnings ratio of 11.71.
Bank of Nova Scotia (NYSE:BNS) last issued its quarterly earnings data on Friday, December 6th. The company reported $1.31 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.31. The company had revenue of $5.49 billion for the quarter. During the same quarter in the previous year, the company posted $1.21 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, analysts predict that Bank of Nova Scotia will post $5.55 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, January 29th. Shareholders of record on Tuesday, January 7th will be given a dividend of $0.58 per share. This represents a $2.33 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Friday, January 3rd.
The Bank of Nova Scotia (NYSE:BNS) is a diversified financial institution.
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