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

C$72.48 +0.08 (+0.11%)

As of 02/20/2025 04:15 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

Hold

Based on 14 Analyst Ratings

Sell
0

Hold
9

Buy
5

Based on 14 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 14 analysts, 9 have given a hold rating, 4 have given a buy rating, and 1 has given a strong buy rating for BNS.

Consensus Price Target

C$78.33
8.08% Upside

According to the 14 analysts' twelve-month price targets for Bank of Nova Scotia, the average price target is C$78.33. The highest price target for BNS is C$90.00, while the lowest price target for BNS is C$65.00. The average price target represents a forecasted upside of 8.08% from the current price of C$72.48.

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BNS Analyst Ratings Over Time

Type	Current Forecast 2/22/24 to 2/21/25	1 Month Ago 1/23/24 to 1/22/25	3 Months Ago 11/24/23 to 11/23/24	1 Year Ago 2/22/23 to 2/22/24
Strong Buy	1 Strong Buy rating(s)	2 Strong Buy rating(s)	2 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)	1 Buy rating(s)
Hold	9 Hold rating(s)	7 Hold rating(s)	8 Hold rating(s)	11 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	C$78.33	C$77.92	C$74.75	C$65.34
Forecasted Upside	8.08% Upside	5.22% Upside	-5.27% Downside	2.26% 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.

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	Financial Services Companies
Consensus Rating Score	2.43	2.67
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Neutral News See Recent BNS 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
2/18/2025	Cibc World Mkts 0 of 5 stars	P. Holden Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
2/18/2025	CIBC 3 of 5 stars		Downgrade	Outperform ➝ Neutral	C$84.00 ➝ C$81.00	+11.91%
2/18/2025	Jefferies Financial Group 2 of 5 stars		Lower Target		C$81.00 ➝ C$77.00	+6.38%
1/9/2025	Accountability Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Buy	C$82.00	+10.11%
1/8/2025	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform	C$74.00 ➝ C$83.00	+11.56%
12/4/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Mendonca Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	C$82.00 ➝ C$81.00	+4.09%
11/21/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Morton Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong Sell ➝ Hold
11/20/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$66.00 ➝ C$78.00	-0.43%
11/19/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	C$73.00 ➝ C$90.00	+15.07%
11/19/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Lee Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	C$71.00 ➝ C$84.00	+7.40%
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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	Hold ➝ Strong-Buy
11/18/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$72.00 ➝ C$84.00	+8.30%
8/20/2024	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform	C$68.00 ➝ C$65.00	+1.01%
2/28/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	C$64.00 ➝ C$68.00	+4.37%
11/23/2023	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform	C$66.00 ➝ C$63.00	+4.55%
8/30/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	C$66.00 ➝ C$68.00	+5.62%
7/24/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$67.00 ➝ C$69.50	+3.56%
6/6/2023	Fundamental Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Buy	C$77.55	+16.97%
2/27/2023	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Reduce

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 07:11 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 Sunday, February 16, 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's stock price recently crossed above its 200-day moving average, indicating a potential upward trend in its stock performance. The current stock price is C$72.63, which is above the 200-day moving average of C$72.27, suggesting positive momentum.
Analysts have recently upgraded their price targets for The Bank of Nova Scotia, with several firms raising their targets significantly. For instance, BMO Capital Markets increased their target from C$72.00 to C$84.00, reflecting strong confidence in the bank's future performance.
The Bank of Nova Scotia has a solid dividend yield of approximately 5.84%, which is attractive for income-focused investors. The recent quarterly dividend of $1.06 per share represents a consistent return on investment.
The bank has a market capitalization of C$88.95 billion, indicating a stable and established presence in the financial sector, which can provide a sense of security for investors.
Recent research reports indicate a consensus rating of "Moderate Buy" from analysts, with a target price averaging C$77.92, suggesting that there is room for growth in the stock price.

Bank of Nova Scotia
Bear Case

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

Despite the positive outlook, the stock has shown some volatility, with a recent trading volume of 1,513,285 shares, which may indicate uncertainty among investors.
The Bank of Nova Scotia's payout ratio is relatively high at 67.00%, which means a significant portion of its earnings is being distributed as dividends. This could limit the bank's ability to reinvest in growth opportunities.
Some analysts have issued hold ratings, indicating that while the stock may not be a sell, it may not be the best investment at this time, suggesting a lack of strong bullish sentiment.
The bank's beta of 0.97 indicates that its stock price is slightly less volatile than the market, which may not appeal to investors looking for high-risk, high-reward opportunities.
Recent downgrades in target prices by some analysts, such as TD Securities lowering their target from C$82.00 to C$81.00, may signal caution regarding the bank's near-term performance.

BNS Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Bank of Nova Scotia is C$78.33, with a high forecast of C$90.00 and a low forecast of C$65.00.
: 14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last twelve months. There are currently 9 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research 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 8.08% 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 Accountability Research, CIBC, Cibc World Mkts, Jefferies Financial Group, Royal Bank of Canada, and TD Securities in the past 90 days.
: Analysts like Bank of Nova Scotia less than other "financial services" companies. The consensus rating for Bank of Nova Scotia is Hold while the average consensus rating for "financial services" companies is Moderate Buy. Learn more on how BNS compares to other companies.

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This page (TSE:BNS) was last updated on 2/21/2025 by MarketBeat.com Staff

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