Bank of Nova Scotia (TSE:BNS) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Bank of Nova Scotia shares rose above their 200-day moving average, trading near C$128.41 versus the C$112.76 average, signaling strong recent momentum.
• Analyst sentiment is broadly positive, with an overall “Moderate Buy” rating and an average price target of C$129.50; several firms recently upgraded the stock or raised their targets as high as C$142.
• The bank reported C$2.28 in quarterly EPS on C$10.54 billion in revenue and increased its quarterly dividend to C$1.14, implying a 3.6% annualized yield and a 58.04% payout ratio.

The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS's share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$112.76 and traded as high as C$128.45. Bank of Nova Scotia shares last traded at C$128.41, with a volume of 3,489,775 shares.

Analyst Ratings Changes

A number of analysts have issued reports on the company. TD Securities raised Bank of Nova Scotia from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 25th. Jefferies Financial Group upped their price target on Bank of Nova Scotia from C$119.00 to C$120.00 in a report on Thursday, September 3rd. TD raised Bank of Nova Scotia from a "hold" rating to a "buy" rating and increased their price objective for the company from C$124.00 to C$141.00 in a research report on Wednesday, August 26th. Royal Bank Of Canada raised their price objective on shares of Bank of Nova Scotia from C$117.00 to C$129.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 26th. Finally, National Bank Financial raised shares of Bank of Nova Scotia from a "hold" rating to an "outperform" rating and boosted their target price for the stock from C$128.00 to C$142.00 in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$129.50.

Bank of Nova Scotia Stock Performance

The firm has a market cap of C$156.51 billion, a P/E ratio of 16.79, a P/E/G ratio of 1.33 and a beta of 1.27. The company has a 50-day moving average of C$124.81 and a 200 day moving average of C$112.76.

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

Bank of Nova Scotia Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Wednesday, July 29th were paid a $1.14 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This is a boost from Bank of Nova Scotia's previous quarterly dividend of $1.10. This represents a $4.56 dividend on an annualized basis and a yield of 3.6%. Bank of Nova Scotia's payout ratio is 58.04%.

About Bank of Nova Scotia

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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