The Bank of Nova Scotia (TSE:BNS) Given Consensus Rating of “Moderate Buy” by Brokerages

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has received an average rating of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$76.73.

BNS has been the subject of a number of analyst reports. Barclays raised shares of Bank of Nova Scotia from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 21st. Jefferies Financial Group boosted their price objective on Bank of Nova Scotia from C$65.00 to C$69.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. TD Securities decreased their target price on Bank of Nova Scotia from C$82.00 to C$81.00 and set a “buy” rating for the company in a research note on Wednesday, December 4th. Bank of America raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating and boosted their price target for the company from C$73.00 to C$90.00 in a research note on Tuesday, November 19th. Finally, UBS Group upgraded shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th.

Bank of Nova Scotia Stock Performance

Bank of Nova Scotia stock opened at C$77.09 on Monday. The firm has a market cap of C$95.59 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a 52-week low of C$60.68 and a 52-week high of C$80.14. The firm has a 50 day moving average price of C$75.75 and a two-hundred day moving average price of C$69.32.

Bank of Nova Scotia Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Tuesday, January 7th will be given a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a dividend yield of 5.50%. Bank of Nova Scotia’s payout ratio 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.