Bank of Nova Scotia PT Raised to $65.00 at National Bank Financial (BNS)
Stock analysts at National Bank Financial hoisted their price objective on shares of Bank of Nova Scotia (NYSE:BNS) from $64.00 to $65.00 in a report issued on Friday, AnalystRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 13.28% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Scotiabank reiterated a “sector perform” rating on shares of Bank of Nova Scotia (NYSE:BNS) in a research note to investors on Thursday. They now have a $70.00 price target on the stock. Separately, analysts at CIBC downgraded shares of Bank of Nova Scotia (NYSE:BNS) from a “sector outperform” rating to a “sector perform” rating in a research note to investors on Wednesday, September 4th. Finally, analysts at Credit Suisse cut their price target on shares of Bank of Nova Scotia (NYSE:BNS) from $63.00 to $61.00 in a research note to investors on Thursday, August 29th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Bank of Nova Scotia currently has a consensus rating of “Hold” and a consensus price target of $64.82.
Shares of Bank of Nova Scotia (NYSE:BNS) traded up 0.14% during mid-day trading on Friday, hitting $57.38. The stock had a trading volume of 289,656 shares. Bank of Nova Scotia has a one year low of $52.05 and a one year high of $60.23. The stock’s 50-day moving average is $56.78 and its 200-day moving average is $56.53. The company has a market cap of $69.045 billion and a P/E ratio of 11.18.
Bank of Nova Scotia (NYSE:BNS) last announced its earnings results on Tuesday, August 27th. The company reported $1.30 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.32 by $0.02. The company had revenue of $5.60 billion for the quarter. During the same quarter in the prior year, the company posted $1.72 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. On average, analysts predict that Bank of Nova Scotia will post $5.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 29th. Investors of record on Tuesday, October 1st will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 4.11%. The ex-dividend date is Friday, September 27th.
The Bank of Nova Scotia (NYSE:BNS) is a diversified financial institution.
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