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

C$77.03 -0.05 (-0.06%)

(As of 12/24/2024 01:21 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 13 Analyst Ratings

Sell
0

Hold
7

Buy
6

Based on 13 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 13 analysts, 7 have given a hold rating, 4 have given a buy rating, and 2 have given a strong buy rating for BNS.

Consensus Price Target

C$76.73
-0.39% Downside

According to the 13 analysts' twelve-month price targets for Bank of Nova Scotia, the average price target is C$76.73. 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 downside of -0.39% from the current price of C$77.03.

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BNS Analyst Ratings Over Time

Type	Current Forecast 12/26/23 to 12/25/24	1 Month Ago 11/26/23 to 11/25/24	3 Months Ago 9/27/23 to 9/26/24	1 Year Ago 12/26/22 to 12/26/23
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	11 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$76.73	C$75.82	C$68.25	C$64.94
Forecasted Upside	-0.39% Downside	-4.02% Downside	-7.55% Downside	2.55% 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	Financial Services Companies
Consensus Rating Score	2.62	2.65
Consensus Rating	Moderate Buy	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
12/4/2024	Royal Bank of Canada 4 of 5 stars		Boost Target		C$65.00 ➝ C$74.00	-4.91%
12/4/2024	TD Securities 4 of 5 stars	M. Mendonca Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	C$82.00 ➝ C$81.00	+4.09%
11/26/2024	CIBC 3 of 5 stars		Boost Target		C$82.00 ➝ C$84.00	+6.57%
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%
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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%
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%
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
8/28/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	C$65.00 ➝ C$69.00	+4.59%
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 Wednesday at 02:13 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 Wednesday, December 18, 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 received a consensus recommendation of "Moderate Buy" from thirteen research firms, indicating positive sentiment among analysts.
Recent analyst upgrades have significantly increased price targets, with some firms raising their targets to as high as C$90.00, suggesting potential for price appreciation.
The current stock price is C$78.36, which is near its 12-month high of C$80.14, indicating strong performance and investor interest.
The Bank of Nova Scotia offers a quarterly dividend of $1.06, translating to an annualized dividend yield of 5.41%, providing a steady income stream for investors.
The bank has a solid market capitalization of C$97.17 billion, reflecting its stability and position as a major player in the financial sector.

Bank of Nova Scotia
Bear Case

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

The stock has experienced a slight decline of 0.7% recently, which may indicate short-term volatility and investor uncertainty.
Despite positive analyst ratings, the stock's price-to-earnings (P/E) ratio of 13.72 suggests that it may be overvalued compared to its earnings, which could deter value-focused investors.
The bank's revenue for the last quarter was C$8.36 billion, slightly below analysts' expectations of C$8.50 billion, indicating potential challenges in meeting growth targets.
The payout ratio of 74.26% indicates that a significant portion of earnings is being distributed as dividends, which may limit the bank's ability to reinvest in growth opportunities.
Market conditions and economic factors could impact the bank's performance, as evidenced by fluctuations in stock price and trading volume.

BNS Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Bank of Nova Scotia is C$76.73, with a high forecast of C$90.00 and a low forecast of C$65.00.
: 13 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 7 hold ratings, 4 buy ratings and 2 strong buy ratings 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 downside of -0.39% based on their 12-month stock forecasts.
: Over the previous 90 days, Bank of Nova Scotia's stock had 5 upgrades by analysts.
: Bank of Nova Scotia has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Canaccord Genuity Group, CIBC, National Bankshares, Royal Bank of Canada, TD Securities, and UBS Group in the past 90 days.
: Analysts like Bank of Nova Scotia less than other "financial services" companies. The consensus rating score for Bank of Nova Scotia is 2.62 while the average consensus rating score for "financial services" companies is 2.65. Learn more on how BNS compares to other companies.

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This page (TSE:BNS) was last updated on 12/25/2024 by MarketBeat.com Staff

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