Bank of Nova Scotia (TSE:BNS) Stock Breaks Above 50-Day Moving Average – Time to Sell?

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS)’s stock price crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of C$129.81 and traded as high as C$132.50. Bank of Nova Scotia shares last traded at C$131.77, with a volume of 4,457,589 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Canaccord Genuity Group upped their target price on Bank of Nova Scotia from C$121.00 to C$127.00 and gave the company a “hold” rating in a report on Wednesday, August 26th. Barclays lifted their price objective on Bank of Nova Scotia from C$110.00 to C$130.00 in a report on Friday, August 21st. Canadian Imperial Bank of Commerce boosted their price objective on 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. Bank of America upped their price objective on shares of Bank of Nova Scotia from C$131.00 to C$134.00 in a report on Wednesday, August 26th. Finally, TD Securities raised shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$129.50.

Bank of Nova Scotia Trading Up 1.7%

The business has a fifty day moving average of C$129.81 and a 200-day moving average of C$115.33. The firm has a market cap of C$160.34 billion, a PE ratio of 17.22, a PEG ratio of 1.33 and a beta of 1.14.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its earnings results on Tuesday, August 25th. The bank reported C$2.28 earnings per share 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 during the quarter. On average, equities analysts forecast that The Bank of Nova Scotia will post 7.13 EPS for the current year.

Bank of Nova Scotia Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 28th. Investors of record on Wednesday, October 28th were paid a dividend of $1.14 per share. The ex-dividend date of this dividend was Tuesday, October 6th. This represents a $4.56 annualized dividend and a yield of 3.5%. Bank of Nova Scotia’s 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).