Shares of Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have been assigned an average rating of “Buy” from the twelve research firms that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$84.82.

A number of equities analysts have weighed in on the stock. Barclays PLC upgraded shares of Bank of Nova Scotia from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 23rd. Royal Bank Of Canada lifted their price target on shares of Bank of Nova Scotia from C$86.00 to C$87.00 and gave the company an “outperform” rating in a report on Wednesday, May 31st. Finally, Scotiabank lifted their target price on shares of Bank of Nova Scotia from C$86.00 to C$89.00 and gave the company an “outperform” rating in a report on Wednesday, May 31st.

In other Bank of Nova Scotia news, Director Brian J. Porter acquired 1,000 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was acquired at an average price of C$77.74 per share, with a total value of C$77,740.00.

Bank of Nova Scotia (TSE:BNS) traded down 0.88% during trading on Tuesday, hitting $77.63. The stock had a trading volume of 475,848 shares. The company has a market cap of $93.30 billion and a price-to-earnings ratio of 12.34. The firm’s 50-day moving average price is $78.19 and its 200-day moving average price is $77.85. Bank of Nova Scotia has a 52-week low of $65.09 and a 52-week high of $82.30.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its earnings results on Tuesday, May 30th. The bank reported $1.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.07. The firm had revenue of $6.58 billion during the quarter, compared to analysts’ expectations of $6.61 billion. Bank of Nova Scotia had a net margin of 31.32% and a return on equity of 14.58%. Analysts predict that Bank of Nova Scotia will post $6.46 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 27th. Investors of record on Tuesday, July 4th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Thursday, June 29th.

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About Bank of Nova Scotia

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.

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

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