Bank of Nova Scotia (BNS) Sets New 52-Week High at $54.46
Bank of Nova Scotia (NYSE:BNS) hit a new 52-week high on Friday . The company traded as high as $54.46 and last traded at $54.42, with a volume of 442,725 shares traded. The stock had previously closed at $53.62.
A number of equities research analysts recently weighed in on BNS shares. Desjardins restated a “buy” rating and set a $71.00 price objective (up from $70.00) on shares of Bank of Nova Scotia in a research note on Thursday, August 4th. BMO Capital Markets restated a “buy” rating on shares of Bank of Nova Scotia in a research note on Wednesday, July 6th. TD Securities restated a “buy” rating and set a $74.00 price objective (up from $70.00) on shares of Bank of Nova Scotia in a research note on Wednesday. Canaccord Genuity reiterated a “buy” rating on shares of Bank of Nova Scotia in a research note on Tuesday, May 31st. Finally, 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. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $67.83.
The company has a 50 day moving average of $51.40 and a 200-day moving average of $48.97. The company has a market cap of $65.35 billion and a PE ratio of 12.62.
Bank of Nova Scotia (NYSE:BNS) last released its quarterly earnings results on Tuesday, August 30th. The company reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by $0.30. During the same period last year, the business posted $1.45 earnings per share. On average, equities research analysts predict that Bank of Nova Scotia will post $4.62 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 27th. Investors of record on Tuesday, October 4th will be issued a $0.5724 dividend. This represents a $2.29 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend is Friday, September 30th. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $0.55.
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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