Analysts Set The Bank of Nova Scotia (TSE:BNS) PT at C$66.68

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have received a consensus rating of “Reduce” from the thirteen brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and twelve have assigned a hold recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$66.68.

Several brokerages have commented on BNS. National Bankshares cut their target price on Bank of Nova Scotia from C$67.00 to C$66.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 29th. Jefferies Financial Group reduced their price objective on shares of Bank of Nova Scotia from C$69.00 to C$64.00 and set a “hold” rating for the company in a research note on Thursday, June 6th. BMO Capital Markets increased their target price on shares of Bank of Nova Scotia from C$69.00 to C$74.00 in a research note on Friday, April 5th. CIBC boosted their price target on shares of Bank of Nova Scotia from C$64.00 to C$68.00 and gave the company a “neutral” rating in a research report on Wednesday, May 29th. Finally, TD Securities lowered their price objective on Bank of Nova Scotia from C$72.00 to C$69.00 in a research report on Friday, May 10th.

Bank of Nova Scotia Trading Up 0.3 %

TSE:BNS opened at C$62.58 on Monday. The stock has a market capitalization of C$76.97 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 1.33 and a beta of 0.98. The firm’s 50 day moving average is C$64.28 and its 200 day moving average is C$64.62. Bank of Nova Scotia has a 12 month low of C$55.20 and a 12 month high of C$70.40.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its quarterly earnings results on Tuesday, May 28th. The bank reported C$1.58 EPS for the quarter, topping analysts’ consensus estimates of C$1.55 by C$0.03. The company had revenue of C$8.35 billion for the quarter, compared to analysts’ expectations of C$8.32 billion. Bank of Nova Scotia had a net margin of 26.41% and a return on equity of 9.89%. Research analysts predict that Bank of Nova Scotia will post 6.4780876 earnings per share for the current year.

Bank of Nova Scotia Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Monday, July 29th will be paid a dividend of $1.06 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.78%. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 69.97%.

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.