Bank of Nova Scotia (NYSE:BNS) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $53.23 and last traded at $53.09, with a volume of 473,710 shares. The stock had previously closed at $53.06.

Several research firms recently issued reports on BNS. Zacks Investment Research lowered shares of Bank of Nova Scotia from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Canaccord Genuity reissued a “buy” rating on shares of Bank of Nova Scotia in a research report on Tuesday, May 31st. Royal Bank Of Canada reissued an “outperform” rating and issued a $72.00 price target on shares of Bank of Nova Scotia in a research report on Wednesday, June 1st. Credit Suisse Group AG reissued 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. Finally, Desjardins reissued a “buy” rating and issued a $71.00 price target (up previously from $70.00) on shares of Bank of Nova Scotia in a research report on Thursday, August 4th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Bank of Nova Scotia has an average rating of “Hold” and an average target price of $62.00.

The stock has a market capitalization of $63.92 billion and a P/E ratio of 12.21. The firm has a 50 day moving average of $50.59 and a 200-day moving average of $48.37.

Bank of Nova Scotia (NYSE:BNS) last announced its earnings results on Tuesday, May 31st. The company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.42 by $0.04. During the same quarter in the prior year, the company posted $1.42 EPS. On average, equities research analysts forecast that Bank of Nova Scotia will post $4.56 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 27th. Investors of record on Tuesday, July 5th were issued a dividend of $0.5547 per share. This is a boost from Bank of Nova Scotia’s previous quarterly dividend of $0.53. This represents a $2.22 annualized dividend and a dividend yield of 4.18%. 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.