The Bank of Nova Scotia (TSE:BNS) Receives C$66.97 Average Target Price from Brokerages

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have been assigned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$66.97.

A number of research firms recently weighed in on BNS. Desjardins raised their price target on Bank of Nova Scotia from C$64.00 to C$68.00 and gave the company a “hold” rating in a report on Wednesday, February 28th. Royal Bank of Canada upped their price target on shares of Bank of Nova Scotia from C$62.00 to C$64.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 28th. CIBC lowered their target price on Bank of Nova Scotia from C$66.00 to C$64.00 and set a “neutral” rating for the company in a research note on Friday, March 8th. National Bankshares boosted their price objective on Bank of Nova Scotia from C$66.00 to C$67.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 28th. Finally, Jefferies Financial Group raised their target price on shares of Bank of Nova Scotia from C$63.00 to C$66.00 and gave the company a “hold” rating in a research note on Wednesday, February 28th.

Bank of Nova Scotia Price Performance

Bank of Nova Scotia stock opened at C$65.55 on Friday. Bank of Nova Scotia has a 52-week low of C$55.20 and a 52-week high of C$70.40. The stock has a fifty day moving average price of C$66.44 and a two-hundred day moving average price of C$63.26. The firm has a market capitalization of C$79.97 billion, a P/E ratio of 10.73, a P/E/G ratio of 1.33 and a beta of 0.96.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings results on Tuesday, February 27th. The bank reported C$1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.61 by C$0.08. The firm had revenue of C$8.43 billion during the quarter, compared to the consensus estimate of C$8.12 billion. Bank of Nova Scotia had a net margin of 26.75% and a return on equity of 10.20%. On average, equities research analysts predict that Bank of Nova Scotia will post 6.5706967 EPS for the current fiscal year.

Bank of Nova Scotia Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Tuesday, April 2nd were issued a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 6.47%. The ex-dividend date was Monday, April 1st. Bank of Nova Scotia’s dividend payout ratio (DPR) is 69.39%.

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.