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

$51.24 -0.63 (-1.21%)

Closing price 01/31/2025 03:59 PM Eastern

Extended Trading

$51.17 -0.06 (-0.13%)

As of 01/31/2025 07:33 PM Eastern

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

Moderate Buy

Based on 9 Analyst Ratings

Sell
0

Hold
3

Buy
6

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 "Moderate Buy." Out of the 9 analysts, 3 have given a hold rating, 5 have given a buy rating, and 1 has given a strong buy rating for BNS.

Consensus Price Target

$72.00
40.53% Upside

According to the 9 analysts' twelve-month price targets for Bank of Nova Scotia, the average price target is $72.00. The highest price target for BNS is $74.00, while the lowest price target for BNS is $70.00. The average price target represents a forecasted upside of 40.53% from the current price of $51.24.

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BNS Analyst Ratings Over Time

Type	Current Forecast 2/2/24 to 2/1/25	1 Month Ago 1/3/24 to 1/2/25	3 Months Ago 11/4/23 to 11/3/24	1 Year Ago 2/2/23 to 2/2/24
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$72.00	$72.00	$69.00	$69.00
Forecasted Upside	40.53% Upside	34.23% Upside	32.95% Upside	47.15% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	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.

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.

Bank of Nova Scotia Stock vs. The Competition

Type	Bank of Nova Scotia	Finance Companies	S&P 500
Consensus Rating Score	2.78	2.51	2.53
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	40.53% Upside	22.77% Upside	12.26% Upside
News Sentiment Rating	Positive News See Recent BNS News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/4/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Sector Perform ➝ Sector Perform	$65.00 ➝ $74.00	+33.91%
11/21/2024	Barclays 3 of 5 stars	B. Morton Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underweight ➝ Equal Weight
11/19/2024	Canaccord Genuity Group 1 of 5 stars		Upgrade	Hold ➝ Buy
11/19/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy
11/18/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Shea Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
11/4/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Mendonca Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy
9/20/2024	Cibc World Mkts Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Holden Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
2/22/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold
11/29/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$73.00 ➝ $68.00	+60.34%
8/30/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ 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 Saturday at 07:15 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 Thursday, January 23, 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

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

The Bank of Nova Scotia has a current stock price of $56.22, which is significantly higher than its twelve-month low of $41.80, indicating a strong recovery and potential for further growth.
The stock has an average rating of "Moderate Buy" with a consensus price target of $69.00, suggesting that analysts expect the stock to appreciate in value.
The Bank reported a quarterly EPS of $1.63, slightly beating the consensus estimate, which reflects its ability to generate profits and manage costs effectively.
With a market capitalization of approximately $69.96 billion, The Bank of Nova Scotia is a large and stable institution, which can provide a sense of security for investors.
The bank has shown a revenue increase of 3.7% compared to the same quarter last year, indicating growth in its operations and potential for future earnings.

Bank of Nova Scotia
Bear Case

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

The bank's revenue of $8.36 billion for the last quarter fell short of analysts' expectations of $8.53 billion, which may raise concerns about its growth trajectory.
Despite a positive EPS report, the net margin of 9.84% suggests that there may be challenges in maintaining profitability in a competitive market.
The stock has a price-to-earnings (P/E) ratio of 13.45, which may be considered high compared to industry averages, potentially indicating that the stock is overvalued.
Institutional investors own 49.13% of the company's stock, which could lead to volatility if large shareholders decide to sell their positions.
The bank's beta of 1.05 indicates that its stock price is slightly more volatile than the market, which could pose risks for risk-averse investors.

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 $72.00, with a high forecast of $74.00 and a low forecast of $70.00.
: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last year. There are currently 3 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BNS shares.
: According to analysts, Bank of Nova Scotia's stock has a predicted upside of 40.53% based on their 12-month stock forecasts.
: Over the previous 90 days, Bank of Nova Scotia's stock had 6 upgrades by analysts.
: Bank of Nova Scotia has been rated by research analysts at Bank of America, Barclays, Canaccord Genuity Group, Canaccord Genuity Group, Royal Bank of Canada, TD Securities, and UBS Group in the past 90 days.
: Analysts like Bank of Nova Scotia more than other "finance" companies. The consensus rating score for Bank of Nova Scotia is 2.78 while the average consensus rating score for "finance" companies is 2.51. Learn more on how BNS compares to other companies.

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This page (NYSE:BNS) was last updated on 2/1/2025 by MarketBeat.com Staff

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