Brokerages Set Bank of Nova Scotia (BNS) Price Target at $84.82
Shares of Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have earned a consensus rating of “Buy” from the twelve brokerages that are currently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$84.82.
Several research analysts have recently weighed in on BNS shares. Royal Bank Of Canada reiterated an “outperform” rating and set a C$86.00 price objective on shares of Bank of Nova Scotia in a report on Tuesday, April 18th. 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. Finally, Scotiabank raised their price target 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.
Shares of Bank of Nova Scotia (BNS) traded up 0.29% on Tuesday, hitting $78.23. 992,526 shares of the company were exchanged. The firm has a market cap of $94.02 billion and a P/E ratio of 12.44. Bank of Nova Scotia has a 52-week low of $65.09 and a 52-week high of $82.30. The company has a 50-day moving average price of $78.32 and a 200 day moving average price of $77.92.
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings data on Tuesday, May 30th. The bank reported $1.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.07. The business had revenue of $6.58 billion for the quarter, compared to analyst estimates 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Shareholders of record on Tuesday, July 4th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend was Thursday, June 29th.
In other news, Director Brian J. Porter acquired 1,000 shares of the stock in a transaction on Thursday, June 8th. The stock was bought at an average price of C$77.74 per share, with a total value of C$77,740.00.
Bank of Nova Scotia Company Profile
The Bank of Nova Scotia provides various financial services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. It offers financial advice, solutions, and day-to-day banking products, including debit cards, checking and saving accounts, credit cards, investments, mortgages, loans, and related creditor insurance products to individuals and small businesses; and commercial banking solutions comprising lending, deposit, cash management, and trade finance solutions to medium and large businesses comprising automotive dealers and their customers.
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