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The Bank of Nova Scotia (NYSE:BNS) has received an “A+” credit rating from analysts at Morningstar. The credit rating agency’s “A+” rating indicates that the company is a low default risk. They also issued a positive credit outlook for the company and gave their stock a three star rating.

A number of other analysts have also recently weighed in on BNS. Analysts at TD Securities downgraded shares of The Bank of Nova Scotia from an “action list buy” rating to a “buy” rating in a research note on Wednesday, August 27th. Separately, analysts at Credit Suisse downgraded shares of The Bank of Nova Scotia from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 27th. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of The Bank of Nova Scotia in a research note on Tuesday, August 19th. They now have a $74.00 price target on the stock, up previously from $72.00. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The Bank of Nova Scotia currently has an average rating of “Buy” and an average target price of $68.25.

The Bank of Nova Scotia (NYSE:BNS) opened at 66.11 on Wednesday. The Bank of Nova Scotia has a one year low of $53.94 and a one year high of $68.71. The stock’s 50-day moving average is $67.13 and its 200-day moving average is $62.81. The company has a market cap of $80.468 billion and a P/E ratio of 12.19.

The Bank of Nova Scotia (NYSE:BNS) last posted its quarterly earnings results on Tuesday, August 26th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.41. The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter in the previous year, the company posted $1.30 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, analysts predict that The Bank of Nova Scotia will post $5.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 29th. Shareholders of record on Tuesday, October 7th will be paid a dividend of $0.6032 per share. This represents a $2.41 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Friday, October 3rd.

The Bank of Nova Scotia (NYSE:BNS) is a diversified financial institution.

To view more credit ratings from Morningstar, visit www.morningstar.com.

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