Brokerages Set The Bank of Nova Scotia (TSE:BNS) PT at C$76.09

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has been assigned an average rating of “Hold” from the thirteen analysts that are currently covering the stock, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$75.45.

Several research analysts recently issued reports on BNS shares. CIBC decreased their price target on shares of Bank of Nova Scotia from C$81.00 to C$75.00 in a research note on Wednesday, March 5th. Royal Bank of Canada decreased their target price on shares of Bank of Nova Scotia from C$83.00 to C$81.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 26th. Accountability Research set a C$82.00 price target on Bank of Nova Scotia and gave the stock a “buy” rating in a research report on Thursday, January 9th. TD Securities set a C$81.00 price objective on Bank of Nova Scotia and gave the company a “buy” rating in a research report on Tuesday, March 4th. Finally, Bank of America downgraded Bank of Nova Scotia from a “buy” rating to a “neutral” rating and dropped their target price for the stock from C$82.00 to C$70.00 in a report on Monday, March 31st.

Bank of Nova Scotia Price Performance

Shares of TSE BNS opened at C$67.31 on Friday. Bank of Nova Scotia has a 1 year low of C$60.68 and a 1 year high of C$80.14. The stock has a market capitalization of C$82.48 billion, a P/E ratio of 10.64, a P/E/G ratio of 1.33 and a beta of 0.97. The company’s 50-day moving average is C$68.30 and its 200 day moving average is C$72.76.

Bank of Nova Scotia Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, April 28th will be issued a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date of this dividend is Tuesday, April 1st. Bank of Nova Scotia’s dividend payout ratio is 67.00%.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.