Shares of Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have been assigned an average recommendation of “Buy” from the twelve research firms that are covering the company, reports. Seven research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$84.82.

Several research analysts recently commented on the stock. Barclays PLC raised shares of Bank of Nova Scotia from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$86.00 target price on shares of Bank of Nova Scotia in a research note on Tuesday, April 18th. Finally, Scotiabank lifted their target price on shares of Bank of Nova Scotia from C$86.00 to C$89.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 31st.

Bank of Nova Scotia (TSE BNS) opened at 78.49 on Tuesday. The company’s 50-day moving average is $77.11 and its 200-day moving average is $77.64. The firm has a market capitalization of $94.33 billion and a PE ratio of 12.48. Bank of Nova Scotia has a 52-week low of $63.24 and a 52-week high of $82.30.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its quarterly earnings results on Tuesday, May 30th. The bank reported $1.63 EPS for the quarter, topping the consensus estimate of $1.56 by $0.07. The firm had revenue of $6.58 billion for the quarter, compared to the consensus estimate of $6.61 billion. Bank of Nova Scotia had a net margin of 31.32% and a return on equity of 14.58%. Analysts forecast that Bank of Nova Scotia will post $6.48 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 27th. Investors of record on Tuesday, July 4th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 3.87%. The ex-dividend date is Thursday, June 29th.

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In related news, Director Brian J. Porter purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The shares were acquired at an average price of C$77.74 per share, for a total transaction of C$77,740.00.

About Bank of Nova Scotia

The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

Analyst Recommendations for Bank of Nova Scotia (TSE:BNS)

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