Bank of Nova Scotia (BNS) Reaches New 52-Week High at $54.46
Bank of Nova Scotia (NYSE:BNS) reached a new 52-week high during trading on Friday . The company traded as high as $54.46 and last traded at $54.42, with a volume of 442,725 shares trading hands. The stock had previously closed at $53.62.
A number of equities research analysts have commented on the company. Desjardins reiterated a “buy” rating and issued a $73.00 price target (up from $71.00) on shares of Bank of Nova Scotia in a research note on Thursday. National Bank Financial reiterated a “sector perform” rating and issued a $70.00 price target (up from $66.00) on shares of Bank of Nova Scotia in a research note on Thursday. Barclays PLC reiterated an “equal weight” rating and issued a $60.00 price target (up from $55.00) on shares of Bank of Nova Scotia in a research note on Sunday, August 21st. BMO Capital Markets reiterated a “buy” rating on shares of Bank of Nova Scotia in a research note on Thursday. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $72.00 price target on shares of Bank of Nova Scotia in a research note on Wednesday, June 1st. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $67.83.
The firm has a market cap of $65.48 billion and a P/E ratio of 12.51. The company’s 50 day moving average is $51.30 and its 200 day moving average is $48.93.
Bank of Nova Scotia (NYSE:BNS) last released its quarterly earnings data on Tuesday, August 30th. The company reported $1.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by $0.30. During the same period last year, the business earned $1.45 earnings per share. On average, equities research analysts anticipate that Bank of Nova Scotia will post $4.58 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Tuesday, October 4th will be given a dividend of $0.5724 per share. The ex-dividend date of this dividend is Friday, September 30th. This is a boost from Bank of Nova Scotia’s previous quarterly dividend of $0.55. This represents a $2.29 annualized dividend and a dividend yield of 4.27%.
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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