Bank of Nova Scotia (TSE:BNS) Receives Average ‘Hold’ Rating from Analysts
Bank of Nova Scotia (TSE:BNS – Get Rating) (NYSE:BNS) shares have received an average rating of “Buy” from the fourteen brokerages that currently cover the business, Marketbeat.com reports. . Four investment analysts rated the stock with a hold recommendation and four gave the company a buy recommendation. The 12-month average target price among analysts who have updated their coverage of the stock in the last year is C$92.72.
Several research companies have recently commented on BNS. Canaccord Genuity Group raised its price target on the Bank of Nova Scotia from C$98.00 to C$100.00 in a report released on Thursday, February 17. BMO Capital Markets raised its price target on Bank of Nova Scotia from C$93.00 to C$95.00 in a report released Wednesday, March 2. National Bankshares raised its price target on Bank of Nova Scotia shares from C$86.00 to C$90.00 in a Wednesday, Feb. 23 research note. Barclays raised its price target on Bank of Nova Scotia shares from C$84.00 to C$96.00 and gave the company an “equal weight” rating in a Wednesday 19 research note. january. Finally, CIBC downgraded Bank of Nova Scotia shares from an “outperform” rating to a “neutral” rating and lowered its target price for the stock from C$105.00 to 94.00. $CAD in a Monday, April 11 research report.
BNS stock opened at C$85.16 on Friday. The stock has a market capitalization of C$102.57 billion and a PE ratio of 10.67. The company has a fifty-day moving average of C$91.07 and a 200-day moving average of C$87.35. The Bank of Nova Scotia has a 1-year low of C$75.84 and a 1-year high of C$95.00.
The Bank of Nova Scotia (TSE:BNS – Get Rating) (NYSE:BNS) last released its quarterly results on Tuesday, March 1. The bank reported earnings per share (EPS) of C$2.15 for the quarter, beating the consensus estimate of C$2.07 by C$0.08. The company posted revenue of C$8.05 billion for the quarter, while analysts had expected C$7.79 billion. Equity research analysts expect Bank of Nova Scotia to post earnings per share of 8.78 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 27. Shareholders of record on Tuesday, April 5 will receive a dividend of $1.00. This represents an annualized dividend of $4.00 and a dividend yield of 4.70%. The ex-date of this dividend is Monday, April 4. The Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 46.37%.
About The Bank of Nova Scotia (Get an evaluation)
The Bank of Nova Scotia offers a variety of banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, as well as internationally. It operates through four segments: Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets.
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