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

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have been given a consensus recommendation of “Hold” by the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$76.45.

Several brokerages have issued reports on BNS. UBS Group cut their price target on Bank of Nova Scotia from C$85.00 to C$78.00 in a report on Tuesday, May 13th. Cibc World Mkts cut shares of Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. TD Securities set a C$81.00 price target on shares of Bank of Nova Scotia and gave the company a “buy” rating in a research note on Tuesday, March 4th. Jefferies Financial Group lowered their price target on shares of Bank of Nova Scotia from C$76.00 to C$70.00 in a report on Monday, April 21st. Finally, National Bankshares reduced their price objective on Bank of Nova Scotia from C$78.00 to C$71.00 and set a “sector perform” rating for the company in a report on Monday, April 7th.

Bank of Nova Scotia Trading Up 0.3%

Shares of TSE BNS opened at C$71.97 on Thursday. The company has a market capitalization of C$88.19 billion, a P/E ratio of 11.37, a P/E/G ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a 12 month low of C$60.68 and a 12 month high of C$80.14. The stock has a 50 day moving average of C$67.96 and a 200-day moving average of C$72.46.

Bank of Nova Scotia Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Monday, April 28th were given a $1.06 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.89%. Bank of Nova Scotia’s 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.