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

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS)’s share price passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$117.78 and traded as high as C$128.50. Bank of Nova Scotia shares last traded at C$128.34, with a volume of 3,537,693 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Royal Bank Of Canada lifted their target price 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. Canadian Imperial Bank of Commerce upped their price target on shares of Bank of Nova Scotia from C$136.00 to C$137.00 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. TD upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating and upped their price target for the company from C$124.00 to C$141.00 in a research note on Wednesday, August 26th. Barclays raised their price target on shares of Bank of Nova Scotia from C$110.00 to C$130.00 in a report on Friday, August 21st. Finally, Jefferies Financial Group raised their price target on shares of Bank of Nova Scotia from C$119.00 to C$120.00 in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$129.50.

Bank of Nova Scotia Stock Performance

The company has a 50 day simple moving average of C$127.85 and a two-hundred day simple moving average of C$118.26. The firm has a market cap of C$157.24 billion, a PE ratio of 16.89, a P/E/G ratio of 1.33 and a beta of 1.21.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings data on Tuesday, August 25th. The bank reported C$2.28 earnings per share (EPS) for the quarter. Bank of Nova Scotia had a return on equity of 11.41% and a net margin of 14.08%. The firm had revenue of C$10.54 billion during the quarter. As a group, research analysts predict that The Bank of Nova Scotia will post 7.13 earnings per share for the current fiscal year.

Bank of Nova Scotia Announces Dividend

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