The Bank of Nova Scotia (TSE:BNS) Receives Consensus Recommendation of "Hold" from Analysts

Shares of The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS have been assigned a consensus recommendation of "Hold" from the thirteen brokerages that are presently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$76.09.Get Bank of Nova Scotia alerts:3 Canadian Banks That Just Increased Their DividendsBNS has been the subject of a number of recent analyst reports. TD Securities set a C$81.00 price objective on shares of Bank of Nova Scotia and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Royal Bank of Canada lowered their target price on Bank of Nova Scotia from C$83.00 to C$81.00 and set a "sector perform" rating on the stock in a research note on Wednesday, February 26th. Jefferies Financial Group reduced their price target on Bank of Nova Scotia from C$81.00 to C$77.00 in a report on Tuesday, February 18th. CIBC lowered their target price on shares of Bank of Nova Scotia from C$81.00 to C$75.00 in a research report on Wednesday, March 5th. Finally, National Bankshares cut their target price on Bank of Nova Scotia from C$78.00 to C$71.00 and set a "sector perform" rating on the stock in a report on Monday, April 7th.Get Our Latest Research Report on Bank of Nova ScotiaBank of Nova Scotia Stock PerformanceBank of Nova Scotia stock opened at C$65.69 on Friday. Bank of Nova Scotia has a 1 year low of C$60.68 and a 1 year high of C$80.14. The firm has a market cap of C$80.50 billion, a price-to-earnings ratio of 10.38, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. The firm's 50 day moving average price is C$68.78 and its two-hundred day moving average price is C$72.93. Bank of Nova Scotia Dividend AnnouncementThe business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, April 28th will be issued a dividend of $1.06 per share. The ex-dividend date is Tuesday, April 1st. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.45%. Bank of Nova Scotia's payout ratio is presently 67.00%. Bank of Nova Scotia Company Profile (Get Free ReportThe Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.Read MoreFive stocks we like better than Bank of Nova ScotiaHow the NYSE and NASDAQ are Different, Why That Matters to InvestorsJ.B. Hunt Transport Overcorrects Into a Buying OpportunityWhich Wall Street Analysts are the Most Accurate?AppLovin: Can Record Profits Overcome Market Skepticism?Should You Invest in Penny Stocks?MarketBeat Week in Review – 04/14 - 04/18This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Bank of Nova Scotia Right Now?Before you consider Bank of Nova Scotia, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bank of Nova Scotia wasn't on the list.While Bank of Nova Scotia currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here