Bank of Nova Scotia (TSE:BNS) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$72.27 and traded as high as C$73.13. Bank of Nova Scotia shares last traded at C$72.63, with a volume of 1,513,285 shares traded.

Analysts Set New Price Targets

BNS has been the subject of several recent research reports. National Bankshares increased their price objective on Bank of Nova Scotia from C$66.00 to C$78.00 in a research note on Wednesday, November 20th. UBS Group raised shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. BMO Capital Markets upped their price objective on shares of Bank of Nova Scotia from C$72.00 to C$84.00 in a research note on Monday, November 18th. TD Securities lowered their target price on Bank of Nova Scotia from C$82.00 to C$81.00 and set a “buy” rating on the stock in a report on Wednesday, December 4th. Finally, Accountability Research set a C$82.00 price target on Bank of Nova Scotia and gave the company a “buy” rating in a report on Thursday, January 9th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$77.92.

Bank of Nova Scotia Trading Down 0.1 %

The business has a fifty day moving average price of C$75.37 and a two-hundred day moving average price of C$72.39. The firm has a market capitalization of C$88.95 billion, a PE ratio of 11.47, a PEG ratio of 1.33 and a beta of 0.97.

Bank of Nova Scotia Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th were given a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date of this dividend was Tuesday, January 7th. Bank of Nova Scotia’s payout ratio is 67.00%.

About Bank of Nova Scotia

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.