Bank of Nova Scotia (TSE:BNS) Reaches New 52-Week High – Should You Buy?

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$107.73 and last traded at C$106.75, with a volume of 626043 shares. The stock had previously closed at C$106.92.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BNS shares. Canaccord Genuity Group lowered shares of Bank of Nova Scotia from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$118.00 to C$110.00 in a research note on Monday, March 9th. UBS Group upped their target price on shares of Bank of Nova Scotia from C$118.00 to C$120.00 in a research report on Wednesday, February 25th. BMO Capital Markets upped their target price on shares of Bank of Nova Scotia from C$98.00 to C$101.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 25th. TD Securities lowered shares of Bank of Nova Scotia from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$112.00 to C$111.00 in a research report on Tuesday, March 3rd. Finally, Royal Bank Of Canada lowered their target price on shares of Bank of Nova Scotia from C$106.00 to C$98.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bank of Nova Scotia has a consensus rating of “Hold” and an average price target of C$106.62.

Bank of Nova Scotia Price Performance

The firm’s 50-day simple moving average is C$99.89 and its two-hundred day simple moving average is C$99.25. The company has a market capitalization of C$130.64 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 1.33 and a beta of 1.23.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its earnings results on Tuesday, February 24th. The bank reported C$2.05 earnings per share for the quarter. Bank of Nova Scotia had a net margin of 14.45% and a return on equity of 10.41%. The company had revenue of C$10.08 billion for the quarter. On average, analysts expect that The Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

Bank of Nova Scotia Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, April 28th were given a dividend of $1.10 per share. The ex-dividend date was Tuesday, April 7th. This represents a $4.40 dividend on an annualized basis and a yield of 4.1%. Bank of Nova Scotia’s dividend payout ratio (DPR) is 64.69%.

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).