Bank of Nova Scotia (NYSE:BNS) shares 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 topic of several research analyst reports. BMO Capital Markets reaffirmed a “buy” rating on shares of Bank of Nova Scotia in a research report on Wednesday, July 6th. Barclays PLC reissued an “equal weight” rating and issued a $60.00 target price (up previously from $55.00) on shares of Bank of Nova Scotia in a report on Sunday. Deutsche Bank AG lowered Bank of Nova Scotia from a “buy” rating to a “hold” rating and dropped their target price for the company from $50.00 to $35.00 in a report on Thursday, June 9th. Zacks Investment Research lowered Bank of Nova Scotia from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Finally, Macquarie lowered Bank of Nova Scotia from an “outperform” rating to a “neutral” rating in a report on Thursday, June 9th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $62.00.

The stock has a market cap of $63.81 billion and a P/E ratio of 12.19. The company has a 50 day moving average price of $50.59 and a 200-day moving average price of $48.37.

Bank of Nova Scotia (NYSE:BNS) last released its earnings results on Tuesday, May 31st. The company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.04. During the same period in the prior year, the company posted $1.42 EPS. Analysts predict that Bank of Nova Scotia will post $4.56 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 27th. Shareholders 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 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend 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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