Are Analysts Too Bullish On Bank Of Nova Scotia (BNS)

Bank Of Nova Scotia (NYSE:BNS) currently has a daily average trading volume of 1.65M but it saw 1326554 shares traded in last market. With a market cap of 67.38B USD, the company’s current market price of $54.80 came rising about 1.63 while comparing to the previous closing price of $53.92. In past 52 weeks, the stock remained buoying in the range of price level as high as $54.41 and as low as $39.79. In the recent trading on the day, stock has struck highest price mark of $54.34 while lowest mark touched by it was $55.12.

Taking a look at 20-day trading activity of Bank Of Nova Scotia (BNS) gives us an average price of $52.05, while its current price level is 0.72% below from 52-week high level whereas it is 37.71% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $48.79 while that of 200 days or SMA-200 reads an average of $47.81. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.26% during that period while stretching the period over a month that increases to 1.38%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 78.82 which implies that the stock is in overbought territory.

Over the week, BNS’s stock price is moving 3.24% up while it is 9.69% when we observe its performance for the past one month. Year-to-date it is 12.55% up and over the past year, the stock is showing an upside performance of 19.44%.

Currently, Bank Of Nova Scotia’s total number of outstanding shares is 1.23B. Company’s return on investment (ROI) stands at 5.76% and return on equity (ROE) at 9.41%. It has a price to earnings ratio (P/E ratio) of 13.09 while having a 10.55 of forward P/E ratio. Stock’s beta reads 1.03. Stock has a price to book (P/B) ratio of 1.29 while price to sale or P/S ratio amounts to 1.22. Its return on asset (ROA) is 0.53% on average.