Bank of Nova Scotia (TSE:BNS) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$71.70 and traded as high as C$77.49. Bank of Nova Scotia shares last traded at C$76.63, with a volume of 2,370,252 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada lowered their price target on shares of Bank of Nova Scotia from C$81.00 to C$80.00 and set a "sector perform" rating for the company in a report on Monday, June 9th. National Bankshares boosted their target price on shares of Bank of Nova Scotia from C$71.00 to C$72.00 and gave the company a "sector perform" rating in a report on Wednesday, May 28th. Jefferies Financial Group boosted their target price on shares of Bank of Nova Scotia from C$70.00 to C$75.00 and gave the company a "hold" rating in a report on Wednesday, May 28th. UBS Group lowered their target price on shares of Bank of Nova Scotia from C$85.00 to C$78.00 in a report on Thursday, May 22nd. Finally, Canaccord Genuity Group boosted their target price on shares of Bank of Nova Scotia from C$81.00 to C$85.00 in a report on Tuesday, July 22nd. Nine research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Bank of Nova Scotia presently has a consensus rating of "Hold" and a consensus target price of C$77.62.

Bank of Nova Scotia Price Performance

The stock has a market capitalization of C$93.91 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 1.33 and a beta of 0.97. The business's 50-day simple moving average is C$75.04 and its two-hundred day simple moving average is C$71.73.

Bank of Nova Scotia Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 29th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 5.7%. This is a positive change from Bank of Nova Scotia's previous quarterly dividend of $1.06. The ex-dividend date of this dividend was Wednesday, July 2nd. Bank of Nova Scotia's dividend payout ratio is presently 67.00%.

About Bank of Nova Scotia

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

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