Shares of The Bank of Nova Scotia (TSE:BNS – Get Free Report) (NYSE:BNS) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$70.88 and traded as high as C$74.75. Bank of Nova Scotia shares last traded at C$73.57, with a volume of 4,470,534 shares trading hands.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on BNS shares. National Bankshares upped their target price on shares of Bank of Nova Scotia from C$66.00 to C$78.00 in a research note on Wednesday, November 20th. Royal Bank of Canada lifted their target price on Bank of Nova Scotia from C$74.00 to C$83.00 and gave the company a “sector perform” rating in a report on Wednesday, January 8th. Canaccord Genuity Group raised Bank of Nova Scotia from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$71.00 to C$84.00 in a research note on Tuesday, November 19th. Accountability Research set a C$82.00 price target on Bank of Nova Scotia and gave the company a “buy” rating in a research report on Thursday, January 9th. Finally, TD Securities decreased their price objective on Bank of Nova Scotia from C$82.00 to C$81.00 and set a “buy” rating for the company in a research note on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$77.92.
Get Our Latest Analysis on BNS
Bank of Nova Scotia Trading Down 1.2 %
Bank of Nova Scotia Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th will be issued a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a dividend yield of 5.76%. The ex-dividend date is Tuesday, January 7th. Bank of Nova Scotia’s payout ratio is 74.26%.
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.
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