Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has been given a consensus recommendation of “Buy” by the twelve analysts that are presently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$88.67.
Several equities analysts recently weighed in on the company. National Bank Financial raised their price objective on Bank of Nova Scotia from C$86.00 to C$88.00 and gave the company an “outperform” rating in a research note on Wednesday, November 29th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$86.00 price objective on shares of Bank of Nova Scotia in a research note on Wednesday, December 6th. Royal Bank of Canada raised their price objective on Bank of Nova Scotia from C$87.00 to C$91.00 and gave the company an “outperform” rating in a research note on Wednesday, November 29th. Canaccord Genuity raised their price objective on Bank of Nova Scotia from C$88.00 to C$92.00 in a research note on Wednesday, November 1st. Finally, Scotiabank lowered their target price on Bank of Nova Scotia from C$95.00 to C$94.00 and set an “outperform” rating on the stock in a report on Wednesday, November 29th.
In related news, insider Barbara Frances Mason sold 20,000 shares of Bank of Nova Scotia stock in a transaction on Thursday, December 7th. The stock was sold at an average price of C$82.60, for a total value of C$1,652,000.00.
Shares of Bank of Nova Scotia (TSE:BNS) traded up C$0.60 during mid-day trading on Tuesday, hitting C$82.50. The stock had a trading volume of 1,772,600 shares, compared to its average volume of 1,800,000. The stock has a market cap of $98,940.00, a P/E ratio of 12.71 and a beta of 0.88. Bank of Nova Scotia has a fifty-two week low of C$73.31 and a fifty-two week high of C$85.50.
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its earnings results on Tuesday, November 28th. The bank reported C$1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.68 by C($0.03). The business had revenue of C$6.81 billion for the quarter, compared to analysts’ expectations of C$7.05 billion. Bank of Nova Scotia had a return on equity of 14.64% and a net margin of 30.39%. During the same period last year, the company posted $1.58 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Tuesday, January 2nd will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend is Friday, December 29th. Bank of Nova Scotia’s payout ratio is currently 47.00%.
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Bank of Nova Scotia Company Profile
The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank 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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