The Bank of Nova Scotia Sets New 1-Year High at $68.61 (BNS)
The Bank of Nova Scotia (NYSE:BNS)’s share price hit a new 52-week high during mid-day trading on Tuesday , Analyst Ratings.Net reports. The stock traded as high as $68.61 and last traded at $68.21, with a volume of 101,849 shares. The stock had previously closed at $68.33.
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 research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The Bank of Nova Scotia has an average rating of “Buy” and a consensus target price of $67.17.
The stock’s 50-day moving average is $66.83 and its 200-day moving average is $60.98. The company has a market cap of $82.746 billion and a price-to-earnings ratio of 13.59.
The Bank of Nova Scotia (NYSE:BNS) last posted its quarterly earnings results on Tuesday, May 27th. The company reported $1.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.33 by $0.07. The company had revenue of $5.81 billion for the quarter. During the same quarter in the prior year, the company posted $1.24 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts expect that The Bank of Nova Scotia will post $5.55 EPS for the current fiscal year.
The Bank of Nova Scotia (NYSE:BNS) is a diversified financial institution.
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