Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $57.25 on Bank of Nova Scotia (NYSE:BNS) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.62 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Bank of Nova Scotia (NYSE:BNS) stands at 12.53.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Bank Nova Scotia Halifax Pfd 3 , the PEG ratio for coming 3-5 years is 3.34.
The technical analysis highlights that Bank Nova Scotia Halifax Pfd 3 current is trading $3.31 points away or +6.43% from its 50-day moving average of $51.42. Further it is trading $5.58 or +11.35% away its 200-day moving average of $49.15.
The 52-week high of Bank of Nova Scotia (NYSE:BNS) was $54.80 while lowest point recorded in 52-week was $35.01. It implies if stock price makes a movement of over $-0.07, it will record a new 52-week high. In the case of +56.33% drop, it will touch a new 52-week low.
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