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

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have been given a consensus rating of “Hold” by the twelve analysts that are covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$91.77.

A number of equities research analysts have recently weighed in on BNS shares. Bank of America raised their price target on Bank of Nova Scotia from C$78.00 to C$88.00 in a research note on Wednesday, August 27th. Barclays raised their price objective on shares of Bank of Nova Scotia from C$95.00 to C$97.00 in a research report on Wednesday. Canaccord Genuity Group boosted their target price on shares of Bank of Nova Scotia from C$98.00 to C$100.00 in a research report on Wednesday. BMO Capital Markets raised their price target on shares of Bank of Nova Scotia from C$89.00 to C$93.00 in a report on Wednesday. Finally, National Bankshares set a C$81.00 price objective on shares of Bank of Nova Scotia and gave the company a “sector perform” rating in a research note on Monday, September 22nd.

Bank of Nova Scotia Stock Up 0.9%

Shares of TSE BNS opened at C$99.26 on Monday. Bank of Nova Scotia has a 12 month low of C$62.57 and a 12 month high of C$99.37. The company has a market cap of C$122.72 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 1.33 and a beta of 1.35. The business has a fifty day simple moving average of C$92.69 and a 200-day simple moving average of C$83.48.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its quarterly earnings data on Tuesday, December 2nd. The bank reported C$1.93 EPS for the quarter. The firm had revenue of C$9.77 billion during the quarter. Bank of Nova Scotia had a net margin of 17.68% and a return on equity of 9.64%. As a group, sell-side analysts expect that Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

Bank of Nova Scotia Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 29th. Stockholders of record on Wednesday, October 29th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Tuesday, October 7th. Bank of Nova Scotia’s dividend payout ratio is 76.19%.

Bank of Nova Scotia Company Profile

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.