The company has a 50 day moving average of 51.1 and a 200 day moving average of 48.86.
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According to an update released by analysts at RBC Capital Markets the broker has now set a “Outperform” rating on shares of Bank of Nova Scotia (NYSE:BNS) with a price target of 77.
The Bank of Nova Scotia’s P/E stands at 12.41, while the P/S is at 3.94 and earnings per share this year of 0.00%. Equities analysts predict that Bank of Nova Scotia will post $4.50 earnings per share for the current year.
Also, the bank increased its dividend, from 2.8 percent to 74 cents a share. The ex-dividend date is Friday, September 30th.
BNS has been the subject of a number of other research reports. BMO Capital Markets reissued a buy rating on shares of Bank of Nova Scotia in a report on Wednesday, July 6th. Canaccord Genuity reiterated a “buy” rating on shares of Bank of Nova Scotia in a report on Tuesday, May 31st. Desjardins restated a “buy” rating and issued a $71.00 target price (up previously from $70.00) on shares of Bank of Nova Scotia in a research note on Thursday, August 4th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company.
The Bank of Nova Scotia (Scotiabank or the Bank) is an global bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. OMERS ADMINISTRATION Corp now owns 4,509,000 shares of the company’s stock valued at $221,258,000 after buying an additional 989,800 shares during the period.
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From a year ago, profit hiked from six percent to $1.96 billion. Cardinal Capital Management raised its position in Bank of Nova Scotia by 2.8% in the second quarter. “That is very much a choice”, James McPhedran, executive vice president, Canadian banking, told investors after the bank reported third-quarter earnings that beat analyst estimates. Some of these measures are not calculated in accordance with Generally Accepted Accounting Principles (GAAP), which are based on International Financial Reporting Standards (IFRS), are not defined by GAAP and do not have standardized meanings that would ensure consistency and comparability between companies using these or similar measures. Bank of Nova Scotia was Downgraded by Macquarie to ” Neutral” on Jun 9, 2016. 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.
