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 been given a consensus rating of “Moderate Buy” by the fourteen research firms that are presently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$77.92.

A number of brokerages have commented on BNS. UBS Group upgraded Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. BMO Capital Markets raised their price objective on Bank of Nova Scotia from C$72.00 to C$84.00 in a report on Monday, November 18th. TD Securities decreased their price objective on Bank of Nova Scotia from C$82.00 to C$81.00 and set a “buy” rating on the stock in a report on Wednesday, December 4th. Bank of America upgraded Bank of Nova Scotia from a “neutral” rating to a “buy” rating and lifted their target price for the company from C$73.00 to C$90.00 in a report on Tuesday, November 19th. Finally, Royal Bank of Canada lifted their target price on Bank of Nova Scotia from C$74.00 to C$83.00 and gave the company a “sector perform” rating in a report on Wednesday, January 8th.

Bank of Nova Scotia Stock Performance

Shares of TSE:BNS opened at C$72.07 on Tuesday. The business’s fifty day moving average price is C$76.67 and its two-hundred day moving average price is C$71.93. The stock has a market cap of C$89.37 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a one year low of C$60.68 and a one year high of C$80.14.

Bank of Nova Scotia Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th were paid a $1.06 dividend. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $4.24 dividend on an annualized basis and a yield of 5.88%. Bank of Nova Scotia’s payout ratio is currently 74.26%.

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.