Stock To Watch: Bank of Nova Scotia (NYSE:BNS)


The leading market experts have placed a mean price target of $51.66 on Bank of Nova Scotia (NYSE:BNS) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.48 a share for the upcoming quarter and $5.87 for the current fiscal. Technical View The technical analysis of Bank Nova Scotia Halifax Pfd 3 plainly substantiates that the 50-day moving average of Bank Nova Scotia Halifax Pfd 3 is $49.87, and stock is hovering -1.48 or -2.96% distant from $49.87. It is noted that the 200-day MA is $45.65, and Bank Nova Scotia Halifax Pfd 3 stock is $2.74 or +6.01% off from this point. Bank of Nova Scotia (NYSE:BNS) 52-week high is $53.17 and the 52-week low is $35.01. This explains if the stock moves $-4.78, it will post a 52-week high. In event of $+38.22% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Bank Nova Scotia Halifax Pfd 3 , shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Bank of Nova Scotia (NYSE:BNS) ratio came in at 11.27. The stock last ended the trading session at $48.39 and registered a market cap of $58.20B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Bank of Nova Scotia (NYSE:BNS) PEG ratio is at 1.80.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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