Bank of Nova Scotia (TSE:BNS) Stock Breaks Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Bank of Nova Scotia shares broke above their 200-day moving average, reaching C$132.28 and closing near C$131.90, up 1.6%.
• Analyst sentiment has improved, with several firms raising price targets or ratings; the stock has a consensus “Moderate Buy” rating and an average target of C$129.50.
• The bank reported quarterly earnings of C$2.28 per share on C$10.54 billion in revenue and declared a quarterly dividend of C$1.14, representing a 3.5% annualized yield.

The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS's share price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$119.21 and traded as high as C$132.28. Bank of Nova Scotia shares last traded at C$131.90, with a volume of 3,121,615 shares changing hands.

Analysts Set New Price Targets

BNS has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their price target on Bank of Nova Scotia from C$148.00 to C$152.00 and gave the company an "outperform" rating in a research note on Wednesday, August 26th. Raymond James Financial raised their price objective on shares of Bank of Nova Scotia from C$137.00 to C$139.00 and gave the company an "outperform" rating in a research report on Wednesday, August 26th. 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. Canaccord Genuity Group lifted their target price on shares of Bank of Nova Scotia from C$121.00 to C$127.00 and gave the company a "hold" rating in a research note on Wednesday, August 26th. Finally, TD upgraded shares of Bank of Nova Scotia from a "hold" rating to a "buy" rating and lifted their target price for the company from C$124.00 to C$141.00 in a research note on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$129.50.

Bank of Nova Scotia Stock Up 1.6%

The stock has a market capitalization of C$160.50 billion, a price-to-earnings ratio of 17.24, a P/E/G ratio of 1.33 and a beta of 1.21. The company's 50-day simple moving average is C$128.30 and its 200 day simple moving average is C$119.21.

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

Bank of Nova Scotia Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 28th will be given a $1.14 dividend. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.5%. Bank of Nova Scotia's dividend payout ratio (DPR) is currently 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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