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

by · The Cerbat Gem

Shares of The Bank of Nova Scotia (TSE:BNS – Get Free Report) (NYSE:BNS) have been given an average recommendation of “Hold” by the twelve brokerages that are presently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$91.77.

BNS has been the topic of several recent analyst reports. Desjardins increased their target price on Bank of Nova Scotia from C$79.00 to C$85.00 and gave the company a “hold” rating in a report on Wednesday, August 27th. Royal Bank Of Canada upped their price objective on Bank of Nova Scotia from C$80.00 to C$86.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 27th. Canaccord Genuity Group increased their price objective on Bank of Nova Scotia from C$98.00 to C$100.00 in a report on Wednesday, December 3rd. Barclays boosted their target price on Bank of Nova Scotia from C$95.00 to C$97.00 in a research note on Wednesday, December 3rd. Finally, Jefferies Financial Group upped their price target on Bank of Nova Scotia from C$86.00 to C$96.00 in a report on Tuesday, November 25th.

Read Our Latest Research Report on Bank of Nova Scotia

Bank of Nova Scotia Stock Up 0.9%

Shares of TSE:BNS opened at C$99.26 on Monday. Bank of Nova Scotia has a fifty-two week low of C$62.57 and a fifty-two week high of C$99.37. The firm’s 50 day moving average price is C$92.69 and its 200 day moving average price is C$83.64. The stock has a market cap of C$123.64 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 1.33 and a beta of 1.35.

Bank of Nova Scotia (TSE:BNS – Get Free Report) (NYSE:BNS) last announced its quarterly earnings data on Tuesday, December 2nd. The bank reported C$1.93 EPS for the quarter. Bank of Nova Scotia had a net margin of 17.68% and a return on equity of 9.64%. The company had revenue of C$9.77 billion for the quarter. On average, equities analysts anticipate that Bank of Nova Scotia will post 7.1286267 EPS for the current year.

Bank of Nova Scotia Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 29th. Stockholders of record on Wednesday, October 29th were issued a $1.10 dividend. The ex-dividend date was Tuesday, October 7th. This represents a $4.40 annualized dividend and a dividend yield of 4.4%. Bank of Nova Scotia’s dividend payout ratio is presently 76.19%.

About Bank of Nova Scotia

(Get Free Report)

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

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