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

November 18, 2017 - By Maria Brooks

The stock of Bank of Nova Scotia (NYSE:BNS) hit a new 52-week high and has $68.25 target or 3.00 % above today’s $66.26 share price. The 8 months bullish chart indicates low risk for the $79.95B company. The 1-year high was reported on Nov, 18 by Barchart.com. If the $68.25 price target is reached, the company will be worth $2.40 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 increased 0.62% or $0.41 on November 17, reaching $66.26. About 441,018 shares traded. Bank of Nova Scotia (NYSE:BNS) has risen 16.52% since November 18, 2016 and is uptrending. It has underperformed by 0.18% the S&P500.

Analysts expect Bank of Nova Scotia (NYSE:BNS) to report $1.33 EPS on November, 28 before the open.They anticipate $0.12 EPS change or 9.92 % from last quarter’s $1.21 EPS. BNS’s profit would be $1.60 billion giving it 12.45 P/E if the $1.33 EPS is correct. After having $1.27 EPS previously, Bank of Nova Scotia’s analysts see 4.72 % EPS growth.

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 had 17 analyst reports since August 4, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of BNS in report on Wednesday, August 31 with “Outperform” rating. As per Monday, August 31, the company rating was maintained by RBC Capital Markets. The rating was downgraded by Macquarie Research to “Neutral” on Thursday, June 9. On Friday, August 28 the stock rating was maintained by Canaccord Genuity with “Buy”. RBC Capital Markets maintained Bank of Nova Scotia (NYSE:BNS) on Wednesday, December 2 with “Outperform” rating. The rating was initiated by Dundee Securities with “Buy” on Wednesday, September 21. The company was maintained on Tuesday, August 29 by Canaccord Genuity. RBC Capital Markets maintained Bank of Nova Scotia (NYSE:BNS) on Wednesday, May 31 with “Outperform” rating. The rating was upgraded by Barclays Capital to “Overweight” on Tuesday, May 23.

More notable recent Bank of Nova Scotia (NYSE:BNS) news were published by: Nasdaq.com which released: “Zacks.com featured highlights: Big Lots, Louisiana-Pacific, Valero Energy, The …” on October 25, 2017, also Fool.ca with their article: “I Have My Eye on Bank of Nova Scotia and You Should Too” published on October 28, 2017, Investorplace.com published: “Solid Quant Score Keep Bank of Nova Scotia (BNS) a Buy” on November 07, 2017. More interesting news about Bank of Nova Scotia (NYSE:BNS) were released by: Reuters.com and their article: “BRIEF-Gran Tierra Energy, unit, Bank of Nova Scotia and lenders party enter …” published on November 14, 2017 as well as Fool.ca‘s news article titled: “Should Bank of Nova Scotia or Toronto-Dominion Bank Be in Your RRSP?” with publication date: October 28, 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 $79.95 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 13.18 P/E ratio.

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