Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have been assigned a consensus rating of “Buy” from the twelve ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$77.69.

A number of equities research analysts recently issued reports on the company. BMO Capital Markets upped their target price on The Bank of Nova Scotia from C$75.00 to C$80.00 in a research note on Wednesday, February 24th. TD Securities upped their target price on The Bank of Nova Scotia from C$79.00 to C$83.00 and gave the company a “buy” rating in a research note on Wednesday, February 24th. Credit Suisse Group upped their target price on The Bank of Nova Scotia to C$75.00 and gave the company an “underperform” rating in a research note on Wednesday, March 3rd. Fundamental Research upped their target price on The Bank of Nova Scotia from C$71.70 to C$79.30 and gave the company a “buy” rating in a research note on Tuesday, March 2nd. Finally, National Bank Financial reaffirmed a “sector perform” rating and issued a C$77.00 target price (up previously from C$70.00) on shares of The Bank of Nova Scotia in a research note on Wednesday, February 24th.

BNS opened at C$78.44 on Friday. The stock has a market cap of C$95.10 billion and a P/E ratio of 14.73. The stock’s 50 day simple moving average is C$78.38 and its 200 day simple moving average is C$69.90. The Bank of Nova Scotia has a 1-year low of C$49.11 and a 1-year high of C$80.16.

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings results on Tuesday, February 23rd. The bank reported C$1.88 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.53 by C$0.35. The firm had revenue of C$8.07 billion during the quarter, compared to analyst estimates of C$7.96 billion. As a group, equities analysts expect that The Bank of Nova Scotia will post 7.6000002 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 28th. Stockholders of record on Tuesday, April 6th were issued a dividend of $0.90 per share. The ex-dividend date was Monday, April 5th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.59%. The Bank of Nova Scotia’s payout ratio is 67.62%.

About The 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 Banking and Markets, and Global Wealth Management segments.

Featured Article: How are capital gains distributions different for tax-deferred account?

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

Receive News & Ratings for The Bank of Nova Scotia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Bank of Nova Scotia and related companies with MarketBeat.com's FREE daily email newsletter.