Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has earned a consensus recommendation of “Buy” from the twelve brokerages that are presently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$84.82.

A number of research analysts have recently weighed in on the company. Barclays PLC upgraded Bank of Nova Scotia from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 23rd. Royal Bank Of Canada reiterated an “outperform” rating and set a C$86.00 price target on shares of Bank of Nova Scotia in a report on Tuesday, April 18th. Finally, Scotiabank lifted their price target on Bank of Nova Scotia from C$86.00 to C$89.00 and gave the company an “outperform” rating in a report on Wednesday, May 31st.

Shares of Bank of Nova Scotia (TSE BNS) traded down 0.15% on Tuesday, reaching $78.42. The company had a trading volume of 1,384,592 shares. The company has a market capitalization of $94.25 billion and a price-to-earnings ratio of 12.47. The stock has a 50 day moving average price of $77.11 and a 200-day moving average price of $77.64. Bank of Nova Scotia has a 12 month low of $64.18 and a 12 month high of $82.30.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings results on Tuesday, May 30th. The bank reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.07. Bank of Nova Scotia had a return on equity of 14.58% and a net margin of 31.32%. The business had revenue of $6.58 billion for the quarter, compared to the consensus estimate of $6.61 billion. Analysts forecast that Bank of Nova Scotia will post $6.47 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 27th. Stockholders of record on Tuesday, July 4th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.88%.

In other Bank of Nova Scotia news, Director Brian J. Porter acquired 1,000 shares of the company’s stock in a transaction dated Thursday, June 8th. The shares were acquired at an average cost of C$77.74 per share, for a total transaction of C$77,740.00.

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Bank of Nova Scotia Company Profile

The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

Analyst Recommendations for Bank of Nova Scotia (TSE:BNS)

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