The Bank of Nova Scotia (TSE:BNS) Receives Consensus Recommendation of “Hold” from Analysts

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has earned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$90.67.

Several research analysts have recently commented on BNS shares. Royal Bank Of Canada lifted their target price on Bank of Nova Scotia from C$80.00 to C$86.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 27th. CIBC raised their price objective on Bank of Nova Scotia from C$93.00 to C$100.00 in a research note on Wednesday, November 19th. Barclays lifted their price objective on shares of Bank of Nova Scotia from C$86.00 to C$95.00 and gave the stock an “equal weight” rating in a report on Monday, November 24th. National Bankshares set a C$81.00 target price on shares of Bank of Nova Scotia and gave the stock a “sector perform” rating in a report on Monday, September 22nd. Finally, Bank of America lifted their price target on shares of Bank of Nova Scotia from C$78.00 to C$88.00 in a report on Wednesday, August 27th.

Bank of Nova Scotia Stock Up 0.1%

Shares of Bank of Nova Scotia stock opened at C$96.94 on Monday. The business has a 50-day moving average price of C$91.82 and a 200 day moving average price of C$82.72. Bank of Nova Scotia has a fifty-two week low of C$62.57 and a fifty-two week high of C$97.12. The firm has a market cap of C$120.44 billion, a P/E ratio of 18.54, a P/E/G ratio of 1.33 and a beta of 1.33.

Bank of Nova Scotia Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 29th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Tuesday, October 7th. Bank of Nova Scotia’s payout ratio is presently 81.84%.

About Bank of Nova Scotia

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It 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.