The Bank of Nova Scotia Hits New 1-Year High at $67.93 (BNS)
The Bank of Nova Scotia (NYSE:BNS) shares hit a new 52-week high during trading on Thursday , Analyst Ratings Network reports. The stock traded as high as $67.93 and last traded at $67.52, with a volume of 235,134 shares traded. The stock had previously closed at $66.97.
BNS has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The Bank of Nova Scotia currently has a consensus rating of “Buy” and a consensus price target of $67.17.
The stock has a 50-day moving average of $64.42 and a 200-day moving average of $60.12. The company has a market cap of $82.138 billion and a P/E ratio of 13.22.
The Bank of Nova Scotia (NYSE:BNS) last issued its quarterly earnings data 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. Analysts expect that The Bank of Nova Scotia will post $5.55 EPS for the current fiscal year.
The company also recently declared a dividend, which is scheduled for Tuesday, July 29th. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.5903 per share. The ex-dividend date of this dividend is Monday, June 30th.
The Bank of Nova Scotia (NYSE:BNS) is a diversified financial institution.
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