Bank of Nova Scotia (BNS) Shares Gap Up to $51.47
Shares of Bank of Nova Scotia (NYSE:BNS) gapped up before the market opened on Tuesday . The stock had previously closed at $51.21, but opened at $51.47. Bank of Nova Scotia shares last traded at $52.27, with a volume of 420,040 shares traded.
BNS has been the subject of several recent research reports. Zacks Investment Research upgraded Bank of Nova Scotia from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Monday, April 25th. Credit Suisse Group AG reiterated a “hold” rating and issued a $74.00 price target on shares of Bank of Nova Scotia in a research report on Tuesday, May 31st. Canaccord Genuity reiterated a “buy” rating on shares of Bank of Nova Scotia in a research report on Tuesday, May 31st. BMO Capital Markets reiterated a “buy” rating on shares of Bank of Nova Scotia in a research report on Wednesday, July 6th. Finally, Macquarie cut Bank of Nova Scotia from an “outperform” rating to a “neutral” rating in a research report on Thursday, June 9th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $62.00.
The stock has a 50-day moving average price of $50.47 and a 200-day moving average price of $48.34. The stock has a market capitalization of $62.80 billion and a PE ratio of 12.16.
Bank of Nova Scotia (NYSE:BNS) last released its quarterly earnings results on Tuesday, May 31st. The company reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.04. During the same quarter in the previous year, the business earned $1.42 earnings per share. On average, equities analysts anticipate that Bank of Nova Scotia will post $4.56 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 27th. Stockholders of record on Tuesday, July 5th were issued a dividend of $0.5547 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 4.25%. This is a boost from Bank of Nova Scotia’s previous quarterly dividend of $0.53. The ex-dividend date was Thursday, June 30th.
The Bank of Nova Scotia (the Bank) is a Canada-based diversified financial institution. The Bank offered a range of products and services, including retail, commercial, corporate and investment banking to more than 21 million customers in more than 55 countries around the world. The Bank has four business lines: Canadian Banking, International Banking, Scotia Capital and Global Wealth Management.
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