Bank Of Nova Scotia (BNS) concluded trading on 01/11/24 at a closing price of $46.82, with 3.17 million shares of worth about $148.53 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.30% during that period and on Thursday the price saw a loss of about -1.60%. Currently the company’s common shares owned by public are about 1.21B shares, out of which, 1.21B shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 6 analysts are covering the BNS stock and their offered price forecasts bring an average price target of $63.09. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $68.00 and could fall to a lowest price of $54.00. The stock’s current price level is -2.54% below of average price target set by the analysts, while a dip to estimated low would result in gain of 13.3% for the stock. However, touching the estimated high of $68.00 would mean a gain of 31.15% for the stock.
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Bank Of Nova Scotia (NYSE: BNS) started trading at $47.44, below -$0.14 from concluding price of the previous day. Stock saw a price change of -0.89% in past 5 days and over the past one month there was a price change of 4.25%. Year-to-date (YTD), BNS shares are showing a performance of -3.84% which decreased to -6.97% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $39.79 but also hit the highest price of $55.91 during that period. The average intraday trading volume for Bank Of Nova Scotia shares is 1.83 million. The stock is currently trading -1.01% below its 20-day simple moving average (SMA20), while that difference is up 3.95% for SMA50 and it goes to -0.89% lower than SMA200.
Bank Of Nova Scotia (NYSE: BNS) currently have 1.21B outstanding shares and institutions hold larger chunk of about 47.08% of that.
The stock has a current market capitalization of $56.84B and its 3Y-monthly beta is at 1.01. PE ratio of stock for trailing 12 months is 10.90, while it has posted earnings per share of $4.30 in the same period. Its PEG reads 1.85 while making debt-to-equity ratio of 2.92. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BNS, volatility over the week remained 1.63% while standing at 1.50% over the month.
Analysts are in expectations that Bank Of Nova Scotia (BNS) stock would likely to be making an EPS of $Genius Group Limited in the current quarter, while forecast for next quarter EPS is $0.51 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Barclays PLC which is $Bank Nova Scotia Halifax Pfd 3 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Brookfield Corporation in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 0.58% while it is estimated to increase by 7.45% in next year. EPS is likely to grow at an annualized rate of 5.90% for next 5-years, compared to annual growth of -4.16% made by the stock over the past 5-years.
Analysts at 6 brokerage firms have issued recommendations for the Bank Of Nova Scotia (BNS)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.17. Out of those 6 Wall Street analysts, 0 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
