Bank of Nova Scotia (TSE: BNS) Receives Consensus Analyst ‘Buy’ Rating
The Bank of Nova Scotia (TSE: BNS) (NYSE: BNS) received an average “buy” recommendation from the thirteen research companies that currently cover the business, Marketbeat reports. Three equity research analysts rated the stock with a keep recommendation and five gave the company a buy recommendation. The year-over-year average price target among analysts who updated their stock coverage in the past year is C $ 85.02.
Several research companies have recently published reports on BNS. Barclays reiterated an “equal weight” rating and issued a target price of C $ 83.00 (vs. C $ 86.00 previously) on Bank of Nova Scotia shares in a report released Wednesday, September 8. . Cormark increased its target price on the Bank of Nova Scotia from C $ 88.00 to C $ 93.00 and assigned the company a “na” rating in a research note on Thursday, June 3. Canaccord Genuity reissued a “na” rating and issued a target price of C $ 83.00 (previously C $ 82.00) on The Bank of Nova Scotia shares in a research note on Wednesday June 2. Credit Suisse Group raised its price target on the Bank of Nova Scotia to C $ 84.00 and gave the company an “outperformance” rating in a research note on Wednesday, August 25. Finally, National Bankshares increased its target price on the Bank of Nova Scotia from C $ 84.00 to C $ 86.00 and gave the company a “sector performance” rating in a research note on Wednesday August 25. .
Bank of Nova Scotia stock opened at C $ 79.09 on Tuesday. The company’s 50-day simple moving average is C $ 78.75 and its 200-day simple moving average is C $ 79.11. The stock has a market capitalization of C $ 96.10 billion and a price-to-earnings ratio of 11.06. The Bank of Nova Scotia has a 12-month low of C $ 53.92 and a 12-month high of C $ 82.35.
The Bank of Nova Scotia (TSE: BNS) (NYSE: BNS) last released its quarterly results on Tuesday, August 24. The bank reported earnings per share (EPS) of C $ 2.01 for the quarter, beating the consensus estimate of C $ 1.89 by C $ 0.12. The company posted sales of C $ 7.76 billion in the quarter, compared to the consensus estimate of C $ 7.74 billion. Research analysts predict the Bank of Nova Scotia will post earnings per share of 7.877247 for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 27. Shareholders of record on Tuesday, October 5 will receive a dividend of $ 0.90 per share. This represents a dividend of $ 3.60 on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend is Monday October 4. The Bank of Nova Scotia’s dividend payout ratio is currently 50.35%.
Bank of Nova Scotia Corporate Profile
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, and internationally. It operates through the Canadian Banking, International Banking, Global Banking and Markets, and Global Wealth Management segments.
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