Bank of Nova Scotia (NYSE:BNS) PEG Ratio At 3.43

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Market experts has given a mean price target of $57.03 to Bank of Nova Scotia (NYSE:BNS) stock. The target price is the mean of all calls released by analysts in First Call poll. They have EPS estimate of $1.18 for the near-term quarter and $4.51 for this year.

Technical View

The technical assessment of Bank Nova Scotia Halifax Pfd 3 pinpoints that the 50-day moving average of Bank of Nova Scotia (NYSE:BNS) stock is $52.72, and is trading $0.77 points away or +1.45% from 50-day moving average of $52.72. It is trading $3.26 or +6.48% off 200-day MA of $50.23.

The 52-week high of Bank of Nova Scotia (NYSE:BNS) was $55.14 while $35.01 is the low point in the same period. Bank Nova Scotia Halifax Pfd 3 share price has to rise more than $-1.65 to register a high for 52-weeks or drop +52.78% to make 52-week low. MA should be referred to as moving average.

Without understanding when a stock is over-valued, or too richly priced, a shareholder may miss out on a chance to cash-in on a profit and investment. Worse, a shareholder might close up their position when a price has no direction.

P/E ratio

Bank of Nova Scotia (NYSE:BNS) P/E ratio is 12.47 while PEG ratio is at 3.43. By overlooking a firm’s price-to-earnings ratio, a shareholder could miss out to discover the true value of stocks and end up investing in the wrong stocks. A P/E ratio is a computation of how much investors are wanting to pay for a purchasing an equity relative to the firm’s earnings. It is valuable when comparing the equity price of one firm to another trading in the same industry. The P/E ratio is discovered by dividing market value of stock by average earnings per share in a specified period of time, for instance, the past year.

Bank Nova Scotia Halifax Pfd 3 stock recorded a close of $53.49 in last trading session, which brings it market cap to $64.44B.

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