Bank of Nova Scotia (TSE:BNS) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$101.58 and traded as high as C$113.27. Bank of Nova Scotia shares last traded at C$113.11, with a volume of 2,281,115 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. TD Securities downgraded shares of Bank of Nova Scotia from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$112.00 to C$111.00 in a report on Tuesday, March 3rd. Desjardins lifted their target price on shares of Bank of Nova Scotia from C$108.00 to C$115.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. TD raised their price objective on shares of Bank of Nova Scotia from C$112.00 to C$113.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Royal Bank Of Canada raised their price objective on shares of Bank of Nova Scotia from C$98.00 to C$117.00 and gave the company a “sector perform” rating in a research report on Thursday, May 28th. Finally, National Bank Financial lifted their target price on shares of Bank of Nova Scotia from C$100.00 to C$106.00 and gave the company a “sector perform” rating in a research report on Friday, May 15th. One 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 presently has a consensus rating of “Hold” and an average price target of C$110.54.

Bank of Nova Scotia Price Performance

The firm’s 50 day moving average is C$104.14 and its 200 day moving average is C$101.58. The company has a market capitalization of C$138.68 billion, a PE ratio of 15.60, a P/E/G ratio of 1.33 and a beta of 1.23.

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

Bank of Nova Scotia Dividend Announcement

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