Bank of Nova Scotia (TSE:BNS) Sets New 52-Week High – Time to Buy?

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) shares reached a new 52-week high during trading on Monday . The company traded as high as C$113.60 and last traded at C$112.99, with a volume of 168014 shares traded. The stock had previously closed at C$112.36.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce increased their price target on Bank of Nova Scotia from C$116.00 to C$122.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. TD upped their price objective on Bank of Nova Scotia from C$112.00 to C$113.00 and gave the company a “hold” rating in a report on Thursday, May 28th. UBS Group raised their target price on Bank of Nova Scotia from C$118.00 to C$120.00 in a report on Wednesday, February 25th. Raymond James Financial boosted their target price on Bank of Nova Scotia from C$120.00 to C$121.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Finally, Royal Bank Of Canada upped their price target on Bank of Nova Scotia from C$98.00 to C$117.00 and gave the company a “sector perform” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Bank of Nova Scotia has an average rating of “Hold” and a consensus target price of C$110.77.

Bank of Nova Scotia Trading Up 0.8%

The company has a fifty day moving average price of C$105.21 and a two-hundred day moving average price of C$101.97. The firm has a market cap of C$139.61 billion, a P/E ratio of 15.71, a PEG ratio of 1.33 and a beta of 1.32.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its earnings results on Wednesday, May 27th. The bank reported C$2.02 earnings per share (EPS) for the quarter. The business had revenue of C$9.85 billion during the quarter. Bank of Nova Scotia had a return on equity of 11.06% and a net margin of 15.64%. As a group, sell-side analysts expect that The Bank of Nova Scotia will post 7.1286267 EPS for the current year.

Bank of Nova Scotia Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 28th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $4.40 annualized dividend and a dividend yield of 3.9%. Bank of Nova Scotia’s dividend payout ratio is currently 60.69%.

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).