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

$53.61 +0.19 (+0.36%)

(As of 12/20/2024 05:31 PM ET)

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
34.30% 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 34.30% from the current price of $53.61.

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BNS Analyst Ratings Over Time

Type	Current Forecast 12/23/23 to 12/22/24	1 Month Ago 11/23/23 to 11/22/24	3 Months Ago 9/24/23 to 9/23/24	1 Year Ago 12/23/22 to 12/23/23
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	$69.00	$69.00	$69.00
Forecasted Upside	34.30% Upside	22.21% Upside	27.88% Upside	44.50% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Reduce

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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	2.50	2.51
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	34.30% Upside	18.66% Upside	14.53% 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 Sunday at 08:55 AM 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 Friday, December 13, 2024. 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 below the consensus price target of $69.00, indicating potential for price appreciation.
The bank reported a quarterly earnings per share (EPS) of $1.63, exceeding the consensus estimate, which reflects strong financial performance and effective management.
With a market capitalization of approximately $70 billion, The Bank of Nova Scotia is a large and stable institution, providing a sense of security for investors.
The bank has a dividend yield of 5.44%, which is attractive for income-focused investors, and the recent dividend payout indicates a commitment to returning value to shareholders.
Analysts have recently upgraded their ratings on The Bank of Nova Scotia, with multiple firms raising their ratings to "buy," suggesting positive sentiment and growth expectations in the market.

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 for the latest quarter was $8.36 billion, which fell short of analyst expectations of $8.53 billion, indicating potential challenges in meeting growth targets.
The current ratio and quick ratio are both at 1.02, suggesting that the bank has just enough short-term assets to cover its short-term liabilities, which may raise concerns about liquidity.
The price-to-earnings (P/E) ratio of 13.45 indicates that the stock may be overvalued compared to its earnings, which could deter value investors.
The bank's net margin of 9.84% is relatively modest, which may limit its profitability compared to competitors in the banking sector.
Despite a strong performance, the bank's payout ratio is 74.88%, which may indicate that a large portion of earnings is being distributed as dividends, potentially limiting reinvestment in growth opportunities.

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 equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last twelve months. There are currently 3 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BNS shares.
: According to analysts, Bank of Nova Scotia's stock has a predicted upside of 34.30% 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 for Bank of Nova Scotia is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how BNS compares to other companies.

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This page (NYSE:BNS) was last updated on 12/22/2024 by MarketBeat.com Staff

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