Shares of The Bank of Nova Scotia (TSE:BNS – Get Free Report) (NYSE:BNS) have earned a consensus rating of “Reduce” from the fourteen brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$66.57.
A number of analysts have recently issued reports on BNS shares. CIBC lifted their price target on Bank of Nova Scotia from C$64.00 to C$68.00 and gave the company a “neutral” rating in a research report on Wednesday, May 29th. Canaccord Genuity Group lifted their price target on Bank of Nova Scotia from C$70.00 to C$71.00 and gave the company a “hold” rating in a research report on Wednesday, May 29th. National Bankshares dropped their price target on 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. Royal Bank of Canada dropped their price target on Bank of Nova Scotia from C$64.00 to C$62.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 29th. Finally, Jefferies Financial Group boosted their target price on Bank of Nova Scotia from C$64.00 to C$65.00 and gave the stock a “hold” rating in a research report on Monday, August 12th.
Read Our Latest Analysis on Bank of Nova Scotia
Bank of Nova Scotia Stock Up 0.7 %
Bank of Nova Scotia (TSE:BNS – Get Free Report) (NYSE:BNS) last issued its quarterly earnings results on Tuesday, May 28th. The bank reported C$1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.55 by C$0.03. The firm had revenue of C$8.35 billion during the quarter, compared to the consensus estimate of C$8.32 billion. Bank of Nova Scotia had a return on equity of 9.91% and a net margin of 26.43%. Equities research analysts anticipate that Bank of Nova Scotia will post 7.0108696 EPS for the current year.
Bank of Nova Scotia Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 29th. Shareholders of record on Monday, July 29th were issued a $1.06 dividend. The ex-dividend date was Wednesday, July 3rd. This represents a $4.24 annualized dividend and a yield of 6.53%. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 70.55%.
About Bank of Nova Scotia
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.
Featured Stories
- Five stocks we like better than Bank of Nova Scotia
- Consumer Staples Stocks, Explained
- Moderna Dips on Q2 Earnings But Can It Rip on a Short Squeeze?
- Why Invest in 5G? How to Invest in 5G Stocks
- 2 Option Strategies to Maximize Profits in a Bear Market
- What Are Growth Stocks and Investing in Them
- Lululemon Stock Gears Up for a Massive Comeback Rally
Receive News & Ratings for Bank of Nova Scotia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Nova Scotia and related companies with MarketBeat.com's FREE daily email newsletter.