The Bank of Nova Scotia (TSE:BNS) Receives C$66.97 Consensus PT from Brokerages

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have received an average rating of “Hold” from the fourteen ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$66.97.

Several research analysts recently weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of Bank of Nova Scotia from C$63.00 to C$66.00 and gave the stock a “hold” rating in a research note on Wednesday, February 28th. TD Securities upped their price objective on Bank of Nova Scotia from C$64.00 to C$65.00 and gave the stock a “hold” rating in a research note on Wednesday, February 28th. BMO Capital Markets increased their price objective on shares of Bank of Nova Scotia from C$69.00 to C$74.00 in a research report on Friday, April 5th. National Bankshares increased their target price on shares of Bank of Nova Scotia from C$66.00 to C$67.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 28th. Finally, CIBC reduced their price target on shares of Bank of Nova Scotia from C$66.00 to C$64.00 and set a “neutral” rating on the stock in a research report on Friday, March 8th.

Bank of Nova Scotia Stock Performance

Shares of BNS stock opened at C$64.69 on Friday. The stock has a fifty day moving average of C$66.43 and a two-hundred day moving average of C$63.24. Bank of Nova Scotia has a 1 year low of C$55.20 and a 1 year high of C$70.40. The firm has a market capitalization of C$78.92 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 1.33 and a beta of 0.96.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings results on Tuesday, February 27th. The bank reported C$1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.61 by C$0.08. Bank of Nova Scotia had a return on equity of 10.20% and a net margin of 26.75%. The company had revenue of C$8.43 billion during the quarter, compared to the consensus estimate of C$8.12 billion. Equities research analysts predict that Bank of Nova Scotia will post 6.5706967 earnings per share for the current fiscal year.

Bank of Nova Scotia Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Tuesday, April 2nd were paid a $1.06 dividend. The ex-dividend date was Monday, April 1st. This represents a $4.24 annualized dividend and a yield of 6.55%. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 69.39%.

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.