The Bank of Nova Scotia (TSE:BNS) Given Consensus Rating of “Hold” by Brokerages

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has earned a consensus recommendation of “Hold” from the ten analysts that are presently covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$106.08.

Several equities analysts have issued reports on BNS shares. Barclays upped their price objective on shares of Bank of Nova Scotia from C$106.00 to C$108.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 25th. Desjardins boosted their target price on Bank of Nova Scotia from C$106.00 to C$107.00 and gave the company a “hold” rating in a report on Wednesday, February 25th. Royal Bank Of Canada decreased their target price on Bank of Nova Scotia from C$106.00 to C$98.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 25th. TD Securities downgraded Bank of Nova Scotia from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$112.00 to C$111.00 in a research note on Tuesday, March 3rd. Finally, National Bank Financial cut their price target on Bank of Nova Scotia from C$102.00 to C$100.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 25th.

Bank of Nova Scotia Price Performance

TSE BNS opened at C$97.64 on Friday. The firm’s fifty day moving average price is C$100.20 and its 200 day moving average price is C$97.15. Bank of Nova Scotia has a 12 month low of C$62.57 and a 12 month high of C$106.39. The company has a market capitalization of C$120.34 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 1.33 and a beta of 1.16.

Bank of Nova Scotia Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 28th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 7th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.5%. Bank of Nova Scotia’s dividend payout ratio (DPR) is 64.69%.

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. The bank’s international operations span numerous countries and are more concentrated in Central and South America.