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

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have been assigned a consensus recommendation of “Hold” from the twelve research firms that are presently covering the company, MarketBeat reports. Twelve equities research analysts have rated the stock with a hold rating. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$67.92.

Several research analysts recently commented on the stock. UBS Group set a C$67.00 price target on shares of Bank of Nova Scotia and gave the company a “neutral” rating in a report on Tuesday, July 2nd. National Bankshares decreased their price target on shares of Bank of Nova Scotia from C$67.00 to C$66.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 29th. TD Securities upped their target price on shares of Bank of Nova Scotia from C$69.00 to C$71.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Jefferies Financial Group increased 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 report on Wednesday, August 28th. Finally, CIBC lifted their target price on Bank of Nova Scotia from C$68.00 to C$78.00 in a research report on Friday, September 6th.

Bank of Nova Scotia Price Performance

Shares of TSE:BNS opened at C$70.22 on Friday. The business has a 50-day moving average of C$64.60 and a two-hundred day moving average of C$65.17. The firm has a market capitalization of C$87.07 billion, a PE ratio of 12.30, a P/E/G ratio of 1.33 and a beta of 0.96. Bank of Nova Scotia has a 12 month low of C$55.20 and a 12 month high of C$70.40.

Bank of Nova Scotia Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 29th. Stockholders of record on Wednesday, October 2nd will be issued a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 6.04%. The ex-dividend date of this dividend is Wednesday, October 2nd. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 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.