The Bank of Nova Scotia Sets New 52-Week High at $65.96 (BNS)
The Bank of Nova Scotia (NYSE:BNS)’s share price hit a new 52-week high during mid-day trading on Friday , StockRatingsNetwork reports. The stock traded as high as $65.96 and last traded at $65.88, with a volume of 99,830 shares traded. The stock had previously closed at $65.33.
Several analysts have recently commented on the stock. Analysts at CIBC upgraded shares of The Bank of Nova Scotia from a “sector perform” rating to an “outperform” rating in a research note on Friday, May 30th. Separately, analysts at Scotiabank reiterated a “sector outperform” rating on shares of The Bank of Nova Scotia in a research note on Wednesday, May 28th. Finally, analysts at National Bank Financial upgraded shares of The Bank of Nova Scotia from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 15th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $67.17.
The stock’s 50-day moving average is $63.24 and its 200-day moving average is $59.7. The company has a market cap of $80.301 billion and a P/E ratio of 13.14.
The Bank of Nova Scotia (NYSE:BNS) last posted its quarterly earnings results on Tuesday, May 27th. The company reported $1.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.33 by $0.07. The company had revenue of $5.81 billion for the quarter. During the same quarter last year, the company posted $1.24 earnings per share. The Bank of Nova Scotia’s revenue was up 9.7% compared to the same quarter last year. On average, analysts predict that The Bank of Nova Scotia will post $5.55 earnings per share for the current fiscal year.
The Bank of Nova Scotia (NYSE:BNS) is a diversified financial institution.
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