Bank of Nova Scotia (TSE:BNS) Stock Passes Above 200 Day Moving Average – Time to Sell?

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$104.10 and traded as high as C$122.81. Bank of Nova Scotia shares last traded at C$122.44, with a volume of 3,514,827 shares.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Desjardins boosted their price objective on Bank of Nova Scotia from C$108.00 to C$115.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. TD increased their target price on Bank of Nova Scotia from C$112.00 to C$113.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. National Bank Financial raised their target price on Bank of Nova Scotia from C$100.00 to C$106.00 and gave the company a “sector perform” rating in a research note on Friday, May 15th. Canadian Imperial Bank of Commerce boosted their price target on shares of Bank of Nova Scotia from C$116.00 to C$122.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Finally, Raymond James Financial upped their price target on shares of 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. One equities research analyst has rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$110.77.

Bank of Nova Scotia Stock Down 0.1%

The firm has a market capitalization of C$150.12 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 1.33 and a beta of 1.32. The company has a 50-day moving average price of C$110.82 and a 200-day moving average price of C$104.10.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its earnings results on Wednesday, May 27th. The bank reported C$2.02 EPS for the quarter. The firm had revenue of C$9.85 billion for the quarter. Bank of Nova Scotia had a return on equity of 11.06% and a net margin of 15.64%. As a group, analysts forecast that The Bank of Nova Scotia will post 7.1286267 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 Tuesday, April 28th. Stockholders of record on Tuesday, April 28th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, April 7th. Bank of Nova Scotia’s dividend payout ratio (DPR) is 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).