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

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have earned a consensus rating of “Hold” from the twelve analysts that are currently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$93.85.

A number of analysts have recently issued reports on the company. Canaccord Genuity Group boosted their target price on Bank of Nova Scotia from C$98.00 to C$100.00 in a report on Wednesday, December 3rd. CIBC boosted their price objective on shares of Bank of Nova Scotia from C$100.00 to C$103.00 and gave the stock a “neutral” rating in a research note on Thursday, December 11th. TD Securities increased their price objective on shares of Bank of Nova Scotia from C$93.00 to C$99.00 in a research report on Monday, November 10th. Raymond James Financial set a C$108.00 target price on shares of Bank of Nova Scotia and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Finally, National Bankshares set a C$81.00 price target on shares of Bank of Nova Scotia and gave the stock a “sector perform” rating in a research report on Monday, September 22nd.

Insider Activity at Bank of Nova Scotia

In related news, insider Julie Walsh sold 3,716 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of C$100.62, for a total transaction of C$373,903.92. Following the transaction, the insider directly owned 1,430 shares of the company’s stock, valued at approximately C$143,886.60. The trade was a 72.21% decrease in their position. Insiders own 0.03% of the company’s stock.

Bank of Nova Scotia Stock Up 0.0%

BNS stock opened at C$101.33 on Friday. The company has a market cap of C$126.21 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.33 and a beta of 1.35. The business has a fifty day simple moving average of C$96.27 and a 200-day simple moving average of C$86.91. Bank of Nova Scotia has a 52 week low of C$62.57 and a 52 week high of C$102.02.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its quarterly earnings results on Tuesday, December 2nd. The bank reported C$1.93 earnings per share (EPS) for the quarter. The firm had revenue of C$9.77 billion during the quarter. Bank of Nova Scotia had a return on equity of 9.64% and a net margin of 17.68%. As a group, analysts expect that Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

Bank of Nova Scotia Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 29th. Stockholders of record on Wednesday, October 29th were paid a $1.10 dividend. The ex-dividend date was Tuesday, October 7th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.3%. Bank of Nova Scotia’s dividend payout ratio (DPR) is 76.19%.

Bank of Nova Scotia Company Profile

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. The bank’s international operations span numerous countries and are more concentrated in Central and South America.