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Bank of Nova Scotia (TSE:BNS) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Bank of Nova Scotia logo with Financial Services background

The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$69.94 and traded as high as C$77.63. Bank of Nova Scotia shares last traded at C$77.19, with a volume of 4,323,694 shares changing hands.

Analysts Set New Price Targets

BNS has been the topic of several research analyst reports. TD Securities dropped their price target on Bank of Nova Scotia from C$82.00 to C$81.00 and set a "buy" rating on the stock in a research note on Wednesday, December 4th. UBS Group raised Bank of Nova Scotia from a "hold" rating to a "strong-buy" rating in a report on Monday, November 18th. Canaccord Genuity Group upgraded shares of Bank of Nova Scotia from a "hold" rating to a "buy" rating and increased their price target for the stock from C$71.00 to C$84.00 in a report on Tuesday, November 19th. National Bankshares raised their price target on shares of Bank of Nova Scotia from C$66.00 to C$78.00 in a research report on Wednesday, November 20th. Finally, Barclays raised shares of Bank of Nova Scotia from a "strong sell" rating to a "hold" rating in a report on Thursday, November 21st. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Bank of Nova Scotia currently has an average rating of "Moderate Buy" and an average target price of C$76.73.

Check Out Our Latest Research Report on Bank of Nova Scotia

Bank of Nova Scotia Price Performance

The company's fifty day simple moving average is C$76.52 and its 200-day simple moving average is C$69.99. The firm has a market capitalization of C$95.72 billion, a PE ratio of 13.52, a P/E/G ratio of 1.33 and a beta of 0.97.

Bank of Nova Scotia Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 29th will be paid a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date is Tuesday, January 7th. Bank of Nova Scotia's dividend payout ratio is presently 74.26%.

Bank of Nova Scotia Company Profile

(Get Free Report)

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.

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