Bank of Nova Scotia (NYSE:BNS)‘s stock had its “hold” rating reiterated by Credit Suisse Group AG in a report released on Monday.

A number of other equities analysts have also weighed in on BNS. Desjardins reissued a “buy” rating and issued a $71.00 price objective (up previously from $70.00) on shares of Bank of Nova Scotia in a research report on Thursday, August 4th. Barclays PLC reissued an “equal weight” rating and issued a $60.00 price objective (up previously from $55.00) on shares of Bank of Nova Scotia in a research report on Sunday, August 21st. Royal Bank Of Canada boosted their price objective on shares of Bank of Nova Scotia from $72.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, August 31st. TD Securities reissued a “buy” rating and issued a $74.00 price objective (up previously from $70.00) on shares of Bank of Nova Scotia in a research report on Wednesday, August 31st. Finally, RBC Capital Markets reissued an “outperform” rating and issued a $77.00 price objective (up previously from $72.00) on shares of Bank of Nova Scotia in a research report on Wednesday, August 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $68.09.

Analyst Recommendations for Bank of Nova Scotia (NYSE:BNS)

Shares of Bank of Nova Scotia (NYSE:BNS) opened at 52.45 on Monday. The firm’s 50-day moving average is $53.36 and its 200-day moving average is $51.44. Bank of Nova Scotia has a 12-month low of $35.01 and a 12-month high of $55.14. The firm has a market capitalization of $63.19 billion, a price-to-earnings ratio of 12.44 and a beta of 1.29.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 27th. Shareholders of record on Tuesday, October 4th were paid a dividend of $0.5724 per share. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $0.55. This represents a $2.29 annualized dividend and a yield of 4.37%. The ex-dividend date was Friday, September 30th. Bank of Nova Scotia’s payout ratio is currently 52.45%.

Large investors have recently added to or reduced their stakes in the company. CIBC World Markets Inc. increased its stake in Bank of Nova Scotia by 0.6% in the third quarter. CIBC World Markets Inc. now owns 51,329,248 shares of the company’s stock valued at $2,719,937,000 after buying an additional 326,534 shares in the last quarter. Jarislowsky Fraser Ltd increased its stake in Bank of Nova Scotia by 113.3% in the second quarter. Jarislowsky Fraser Ltd now owns 36,212,738 shares of the company’s stock valued at $1,353,943,000 after buying an additional 19,238,416 shares in the last quarter. Vanguard Group Inc. increased its stake in Bank of Nova Scotia by 14.1% in the second quarter. Vanguard Group Inc. now owns 23,454,437 shares of the company’s stock valued at $1,149,501,000 after buying an additional 2,902,862 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in Bank of Nova Scotia by 2.7% in the third quarter. Great West Life Assurance Co. Can now owns 12,580,462 shares of the company’s stock valued at $667,396,000 after buying an additional 332,873 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in Bank of Nova Scotia by 2.4% in the third quarter. CIBC Asset Management Inc now owns 12,003,336 shares of the company’s stock valued at $637,220,000 after buying an additional 277,700 shares in the last quarter. Institutional investors own 49.56% of the company’s stock.

About Bank of Nova Scotia

The Bank of Nova Scotia (Scotiabank or the Bank) is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. The Company’s segments include Canadian Banking, International Banking, Global Banking and Markets (GBM), and Other.

5 Day Chart for NYSE:BNS

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