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Bank of Nova Scotia (BNS) Stock Forecast & Price Target

Bank of Nova Scotia logo
$48.46 +0.25 (+0.52%)
Closing price 03:59 PM Eastern
Extended Trading
$48.55 +0.09 (+0.19%)
As of 06:29 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

Bank of Nova Scotia - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
5
Buy
4

Based on 9 Wall Street analysts who have issued ratings for Bank of Nova Scotia in the last 12 months, the stock has a consensus rating of "Hold." Out of the 9 analysts, 5 have given a hold rating, and 4 have given a buy rating for BNS.

Consensus Price Target

$81.00
67.15% Upside
According to the 9 analysts' twelve-month price targets for Bank of Nova Scotia, the average price target is $81.00. The highest price target for BNS is $81.00, while the lowest price target for BNS is $81.00. The average price target represents a forecasted upside of 67.15% from the current price of $48.46.
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BNS Analyst Ratings Over Time

TypeCurrent Forecast
4/23/24 to 4/23/25
1 Month Ago
3/24/24 to 3/24/25
3 Months Ago
1/24/24 to 1/23/25
1 Year Ago
4/24/23 to 4/23/24
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
5 Buy rating(s)
5 Buy rating(s)
0 Buy rating(s)
Hold
5 Hold rating(s)
4 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$81.00$81.00$72.00$68.00
Forecasted Upside67.15% Upside67.55% Upside39.30% Upside43.79% Upside
Consensus Rating
Hold
Moderate Buy
Moderate Buy
Reduce

BNS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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BNS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Bank of Nova Scotia Stock vs. The Competition

TypeBank of Nova ScotiaFinance CompaniesS&P 500
Consensus Rating Score
2.44
2.53
2.54
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside68.14% Upside34.76% Upside25.17% Upside
News Sentiment Rating
Positive News

See Recent BNS News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
3/31/2025Bank of America
3 of 5 stars
 DowngradeBuy ➝ Neutral
2/26/2025Royal Bank of Canada
4 of 5 stars
Darko Mihelic
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Lower TargetSector Perform ➝ Sector Perform$83.00 ➝ $81.00+61.18%
2/18/2025Cibc World Mkts
0 of 5 stars
P. Holden
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DowngradeStrong-Buy ➝ Hold
2/18/2025CIBC
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 Reiterated RatingSector Outperform ➝ Neutral
11/21/2024Barclays
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B. Morton
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UpgradeUnderweight ➝ Equal Weight
11/19/2024Canaccord Genuity Group
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 UpgradeHold ➝ Buy
11/18/2024UBS Group
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J. Shea
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UpgradeNeutral ➝ Buy
11/4/2024TD Securities
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M. Mendonca
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UpgradeHold ➝ Buy
2/22/2024Jefferies Financial Group
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 Initiated CoverageHold
11/29/2023BMO Capital Markets
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 Lower TargetMarket Perform ➝ Market Perform$73.00 ➝ $68.00+60.34%
8/30/2023Scotiabank
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 Lower TargetHold ➝ Hold$68.00 ➝ $66.00+38.95%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 07:10 PM ET.


Should I Buy Bank of Nova Scotia Stock? BNS Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, April 20, 2025. Please send any questions or comments about these Bank of Nova Scotia pros and cons to contact@marketbeat.com.

Bank of Nova Scotia
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in The Bank of Nova Scotia:

  • The current stock price is around $47.46, which may present a buying opportunity for investors looking for value in the banking sector.
  • The Bank of Nova Scotia has a strong dividend yield of 6.34%, providing a steady income stream for investors through its quarterly dividend payments.
  • Institutional investors and hedge funds own a significant portion (49.13%) of the company's stock, indicating confidence in its long-term performance.
  • Recent increases in holdings by various institutional investors, such as CANADA LIFE ASSURANCE Co, suggest positive sentiment and potential growth prospects.
  • The bank operates in multiple countries, including Canada, the U.S., and several Latin American nations, which diversifies its revenue streams and reduces risk.

Bank of Nova Scotia
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in The Bank of Nova Scotia for these reasons:

  • The bank recently cut its dividend, which may signal financial strain or a shift in strategy that could concern income-focused investors.
  • Analyst ratings have been mixed, with some downgrades indicating potential challenges ahead for the bank's stock performance.
  • The high dividend payout ratio of 83.05% suggests that a large portion of earnings is being distributed to shareholders, which may limit funds available for reinvestment in growth opportunities.
  • Recent fluctuations in stock price, with a 12-month low of $43.68, may indicate volatility that could deter risk-averse investors.
  • Economic uncertainties in the regions where The Bank of Nova Scotia operates could impact its profitability and growth potential.

BNS Forecast - Frequently Asked Questions

According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Bank of Nova Scotia is $81.00, with a high forecast of $81.00 and a low forecast of $81.00.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BNS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BNS, but not buy additional shares or sell existing shares.

According to analysts, Bank of Nova Scotia's stock has a predicted upside of 67.15% based on their 12-month stock forecasts.

Over the previous 90 days, Bank of Nova Scotia's stock had 2 downgrades by analysts.

Bank of Nova Scotia has been rated by research analysts at Bank of America, CIBC, Cibc World Mkts, and Royal Bank of Canada in the past 90 days.

Analysts like Bank of Nova Scotia less than other "finance" companies. The consensus rating for Bank of Nova Scotia is Hold while the average consensus rating for "finance" companies is Moderate Buy. Learn more on how BNS compares to other companies.


This page (NYSE:BNS) was last updated on 4/23/2025 by MarketBeat.com Staff
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