Bank of Nova Scotia (TSE:BNS) Shares Break Above 50-Day Moving Average - Should You Sell?

Key Points

• Shares rose above their 50-day moving average of C$129.81, reaching C$132.50 and last trading at C$131.77.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of C$129.50; ratings include one Strong Buy, four Buys, and seven Holds.
• Scotiabank reported quarterly EPS of C$2.28 and revenue of C$10.54 billion. Its quarterly dividend of C$1.14 annualizes to C$4.56, a yield of about 3.5%.

Shares of The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of C$129.81 and traded as high as C$132.50. Bank of Nova Scotia shares last traded at C$131.77, with a volume of 4,457,589 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Bank of America upped their target price on Bank of Nova Scotia from C$131.00 to C$134.00 in a research report on Wednesday, August 26th. Desjardins set a C$130.00 target price on Bank of Nova Scotia and gave the stock a "hold" rating in a report on Wednesday, September 2nd. Barclays lifted their target price on Bank of Nova Scotia from C$110.00 to C$130.00 in a report on Friday, August 21st. Canadian Imperial Bank of Commerce increased their price target on Bank of Nova Scotia from C$136.00 to C$137.00 and gave the stock a "neutral" rating in a report on Thursday, September 3rd. Finally, TD Securities raised shares of Bank of Nova Scotia from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$129.50.

Bank of Nova Scotia Price Performance

The stock has a market cap of C$160.34 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 1.33 and a beta of 1.14. The company's fifty day simple moving average is C$129.81 and its two-hundred day simple moving average is C$115.33.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last issued its quarterly earnings data on Tuesday, August 25th. The bank reported C$2.28 earnings per share (EPS) for the quarter. Bank of Nova Scotia had a net margin of 14.08% and a return on equity of 11.41%. The firm had revenue of C$10.54 billion during the quarter. On average, analysts forecast that The Bank of Nova Scotia will post 7.13 earnings per share for the current year.

Bank of Nova Scotia Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 28th. Investors of record on Wednesday, October 28th were given a $1.14 dividend. The ex-dividend date of this dividend was Tuesday, October 6th. This represents a $4.56 annualized dividend and a yield of 3.5%. Bank of Nova Scotia's dividend payout ratio (DPR) is presently 58.04%.

Bank of Nova Scotia Company Profile

Scotiabank's vision is to be our clients' most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: 'for every future,' we help our clients, their families and their communities achieve success through a broad range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.5 trillion (as at January 31, 2026), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange TSX: BNS and New York Stock Exchange NYSE: BNS.

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