Bank of Nova Scotia (BNS) Stock Price Hits 52-Week High Today

September 17, 2017 - By Linda Rogers

The stock of Bank of Nova Scotia (NYSE:BNS) hit a new 52-week high and has $68.22 target or 8.00 % above today’s $63.17 share price. The 5 months bullish chart indicates low risk for the $75.67B company. The 1-year high was reported on Sep, 17 by Barchart.com. If the $68.22 price target is reached, the company will be worth $6.05 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.44% or $0.28 on September 15, reaching $63.17. About 753,399 shares traded or 55.63% up from the average. Bank of Nova Scotia (NYSE:BNS) has risen 16.52% since September 17, 2016 and is uptrending. It has underperformed by 0.18% the S&P500.

Investors wait Bank of Nova Scotia (NYSE:BNS) to report on December, 5. its quarterly earnings Wall Street analysts expect $1.33 earnings per share, up $0.12 or 9.92 % from last year’s $1.21 same quarter earnings. This translates into $1.59 billion profit for BNS giving the stock a 11.87 P/E. This is assuming the current $1.33 EPS is accurate. Bank of Nova Scotia’s Wall Street analysts see 4.72 % EPS growth, taking into account the $1.27 EPS reproted in the previous quarter,

Bank of Nova Scotia (NYSE:BNS) Ratings Coverage

Among 9 analysts covering The Bank Of Nova Scotia (NYSE:BNS), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. The Bank Of Nova Scotia has $87 highest and $61 lowest target. $71.57’s average target is 13.30% above currents $63.17 stock price. The Bank Of Nova Scotia had 17 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Bank of Nova Scotia (NYSE:BNS) earned “Outperform” rating by RBC Capital Markets on Wednesday, August 31. The firm has “Buy” rating given on Wednesday, September 21 by Dundee Securities. The firm earned “Neutral” rating on Thursday, June 9 by Macquarie Research. RBC Capital Markets maintained the shares of BNS in report on Wednesday, May 31 with “Outperform” rating. The firm earned “Outperform” rating on Wednesday, December 2 by RBC Capital Markets. The company was maintained on Tuesday, August 29 by Canaccord Genuity. RBC Capital Markets maintained the shares of BNS in report on Monday, August 31 with “Outperform” rating. The firm has “Buy” rating given on Friday, August 28 by Canaccord Genuity. The company was upgraded on Tuesday, May 23 by Barclays Capital.

More notable recent Bank of Nova Scotia (NYSE:BNS) news were published by: Fool.ca which released: “Is This Canada’s Top Bank Stock?” on September 04, 2017, also Fool.ca with their article: “Is Bank of Nova Scotia a Good Buy?” published on August 23, 2017, Seekingalpha.com published: “Bank Of Nova Scotia’s Fat Dividend Keeps On Growing” on August 30, 2017. More interesting news about Bank of Nova Scotia (NYSE:BNS) were released by: Seekingalpha.com and their article: “Buy The Bank Of Nova Scotia Prior To Its Dividend Hike” published on August 28, 2017 as well as Theglobeandmail.com‘s news article titled: “Canadian banks assess Hurricane Irma damage, brace for more” with publication date: September 08, 2017.

The Bank of Nova Scotia is an international bank and a financial services well-known provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The company has market cap of $75.67 billion. The Bank offers a range of advice, services and products, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. It has a 12 P/E ratio.

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