Shares of Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have received a consensus rating of “Buy” from the twelve brokerages that are currently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$84.82.
Several equities research analysts recently issued reports on BNS shares. Barclays PLC raised their target price on shares of Bank of Nova Scotia from C$84.00 to C$86.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a C$86.00 target price on shares of Bank of Nova Scotia in a research report on Tuesday, April 18th. Finally, Scotiabank raised their target price on shares of Bank of Nova Scotia from C$86.00 to C$89.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 31st.
Shares of Bank of Nova Scotia (TSE BNS) traded down 0.78% during midday trading on Tuesday, hitting $77.47. 1,719,490 shares of the stock were exchanged. The stock has a market cap of $93.12 billion and a price-to-earnings ratio of 13.43. The firm’s 50-day moving average is $78.27 and its 200-day moving average is $77.89. Bank of Nova Scotia has a 12 month low of $65.09 and a 12 month high of $82.30.
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings results on Tuesday, May 30th. The bank reported $1.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.07. Bank of Nova Scotia had a net margin of 31.32% and a return on equity of 14.58%. The company had revenue of $6.58 billion for the quarter, compared to analysts’ expectations of $6.61 billion. Equities research analysts predict that Bank of Nova Scotia will post $6.46 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 27th. Stockholders of record on Tuesday, July 4th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.92%.
In other news, Director Brian J. Porter acquired 1,000 shares of the company’s stock in a transaction dated Thursday, June 8th. The shares were bought at an average price of C$77.74 per share, for a total transaction of C$77,740.00.
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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