Bank of Nova Scotia (TSE:BNS) Shares Cross Above 200-Day Moving Average - Should You Sell?

Key Points

• Bank of Nova Scotia shares crossed above their 200-day moving average, trading as high as C$130.80 and last changing hands at C$130.43, compared with a 200-day average of C$114.78.
• Analysts have generally turned more positive, with recent upgrades and price-target increases. The stock has a “Moderate Buy” consensus rating and an average target of C$129.50.
• The bank increased its quarterly dividend to $1.14 per share, equivalent to a $4.56 annualized payout and a 3.5% yield; its latest quarter included C$2.28 in EPS and C$10.54 billion in revenue.

The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$114.78 and traded as high as C$130.80. Bank of Nova Scotia shares last traded at C$130.43, with a volume of 2,519,624 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BNS shares. Jefferies Financial Group boosted their price target on Bank of Nova Scotia from C$119.00 to C$120.00 in a research report on Thursday, September 3rd. TD Securities raised Bank of Nova Scotia from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 25th. Bank of America raised their price objective on Bank of Nova Scotia from C$131.00 to C$134.00 in a research report on Wednesday, August 26th. TD upgraded Bank of Nova Scotia from a "hold" rating to a "buy" rating and lifted their price objective for the company from C$124.00 to C$141.00 in a research note on Wednesday, August 26th. Finally, Barclays boosted their target price on Bank of Nova Scotia from C$110.00 to C$130.00 in a report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$129.50.

Bank of Nova Scotia Stock Up 0.3%

The firm's fifty day simple moving average is C$126.26 and its 200-day simple moving average is C$114.78. The firm has a market capitalization of C$158.97 billion, a PE ratio of 17.05, a PEG ratio of 1.33 and a beta of 1.27.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last posted its quarterly earnings results on Tuesday, August 25th. The bank reported C$2.28 EPS for the quarter. The firm had revenue of C$10.54 billion for the quarter. Bank of Nova Scotia had a net margin of 14.08% and a return on equity of 11.41%. As a group, analysts predict that The Bank of Nova Scotia will post 7.1286267 earnings per share for the current year.

Bank of Nova Scotia Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Wednesday, July 29th were paid a dividend of $1.14 per share. The ex-dividend date was Tuesday, July 7th. This represents a $4.56 annualized dividend and a yield of 3.5%. This is a positive change from Bank of Nova Scotia's previous quarterly dividend of $1.10. Bank of Nova Scotia's dividend payout ratio (DPR) is 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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