The Bank of Nova Scotia (TSE:BNS) Given Consensus Rating of “Moderate Buy” by Analysts

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has been given an average recommendation of “Moderate Buy” by the thirteen ratings firms that are covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$76.73.

BNS has been the subject of several research reports. UBS Group upgraded shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 18th. BMO Capital Markets raised their target price on shares of Bank of Nova Scotia from C$72.00 to C$84.00 in a report on Monday, November 18th. CIBC upped their price target on Bank of Nova Scotia from C$82.00 to C$84.00 in a report on Tuesday, November 26th. Bank of America raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating and raised their price objective for the stock from C$73.00 to C$90.00 in a research note on Tuesday, November 19th. Finally, Jefferies Financial Group boosted their target price on Bank of Nova Scotia from C$65.00 to C$69.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th.

Bank of Nova Scotia Trading Up 0.2 %

BNS stock opened at C$77.09 on Monday. The firm’s 50-day moving average is C$75.75 and its two-hundred day moving average is C$69.28. The company has a market capitalization of C$95.59 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a 52 week low of C$60.68 and a 52 week high of C$80.14.

Bank of Nova Scotia Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th will be paid a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 5.50%. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 74.26%.

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.