Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has been assigned an average rating of “Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$91.00.
A number of research firms recently weighed in on BNS. BMO Capital Markets reissued an “outperform” rating and set a C$86.00 price target on shares of Bank of Nova Scotia in a research note on Wednesday, December 6th. CSFB boosted their price target on shares of Bank of Nova Scotia from C$84.00 to C$86.00 in a research note on Friday, January 19th. TD Securities boosted their price target on shares of Bank of Nova Scotia from C$92.00 to C$93.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Desjardins boosted their price target on shares of Bank of Nova Scotia from C$91.00 to C$92.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Finally, National Bank Financial boosted their price target on shares of Bank of Nova Scotia from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 29th.
In other Bank of Nova Scotia news, insider Andrew Branion sold 6,252 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of C$79.75, for a total value of C$498,597.00.
Shares of BNS stock traded down C$0.01 during mid-day trading on Friday, hitting C$81.90. 850,263 shares of the stock were exchanged, compared to its average volume of 2,224,695. Bank of Nova Scotia has a 12 month low of C$73.31 and a 12 month high of C$85.50. The firm has a market capitalization of $98,500.00, a price-to-earnings ratio of 12.08 and a beta of 0.85.
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its earnings results on Tuesday, February 27th. The bank reported C$1.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$1.65 by C$0.10. The company had revenue of C$7.09 billion for the quarter, compared to analyst estimates of C$7 billion. Bank of Nova Scotia had a net margin of 32.97% and a return on equity of 16.32%.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 26th. Shareholders of record on Tuesday, April 3rd will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 4.00%. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $0.79. Bank of Nova Scotia’s dividend payout ratio is presently 45.72%.
TRADEMARK VIOLATION NOTICE: This article was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at https://ledgergazette.com/2018/03/21/brokerages-set-bank-of-nova-scotia-bns-price-target-at-91-00.html.
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.
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.