Bank of Nova Scotia Hits New 52-Week High at $60.25 (BNS)
Shares of Bank of Nova Scotia (NYSE:BNS) hit a new 52-week high during trading hours on Friday, Analyst Ratings.Net reports. The company traded as high as $60.25 and last traded at $60.11, with a volume of 421,914 shares trading hands. The stock had previously closed at $59.11.
BNS has been the subject of a number of recent research reports. Analysts at TD Securities initiated coverage on shares of Bank of Nova Scotia in a research note to investors on Thursday. They set an “action list buy” rating and a C$71.00 price target on the stock. Separately, analysts at National Bank Financial raised their price target on shares of Bank of Nova Scotia from $64.00 to $65.00 in a research note to investors on Friday, September 27th. They now have an “outperform” rating on the stock. Finally, analysts at Scotiabank reiterated a “sector perform” rating on shares of Bank of Nova Scotia in a research note to investors on Thursday, September 26th. They now have a $70.00 price target on the stock. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $65.00.
Bank of Nova Scotia has a 52-week low of $52.05 and a 52-week high of $60.23. The stock has a 50-day moving average of $57.31 and a 200-day moving average of $56.4. The company has a market cap of $71.909 billion and a P/E ratio of 11.53.
Bank of Nova Scotia (NYSE:BNS) last posted its quarterly earnings results on Tuesday, August 27th. The company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by $0.02. The company had revenue of $5.60 billion for the quarter. During the same quarter in the previous year, the company posted $1.72 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, analysts predict that Bank of Nova Scotia will post $5.16 earnings per share for the current fiscal year.
The Bank of Nova Scotia (NYSE:BNS) is a diversified financial institution.
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