Bank of Nova Scotia (BNS) Stock Forecast & Price Target $57.02 +0.30 (+0.53%) (As of 04:45 PM ET) Add Compare Share Share Analyst Forecasts Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Bank of Nova Scotia - Analysts' Recommendations and Stock Price Forecast (2024) How MarketBeat Calculates Price Target and Consensus Rating 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 BuyBased on 8 Analyst RatingsSell0Hold2Buy6 Based on 8 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 8 analysts, 2 have given a hold rating, 5 have given a buy rating, and 1 has given a strong buy rating for BNS. Consensus Price Target $70.0022.76% Upside According to the 8 analysts' twelve-month price targets for Bank of Nova Scotia, the average price target is $70.00. The highest price target for BNS is $70.00, while the lowest price target for BNS is $70.00. The average price target represents a forecasted upside of 22.76% from the current price of $57.02. Get the Latest News and Ratings for BNS and Related Stocks Enter your email address to receive the latest news and analysts' ratings for Bank of Nova Scotia and its competitors. Enter your email to sign up for newsletter Sign Up BNS Analyst Ratings Over TimeTypeCurrent Forecast11/30/23 to 11/29/241 Month Ago10/31/23 to 10/30/243 Months Ago9/1/23 to 8/31/241 Year Ago11/30/22 to 11/30/23Strong Buy1 Strong Buy rating(s)1 Strong Buy rating(s)0 Strong Buy rating(s)0 Strong Buy rating(s)Buy5 Buy rating(s)0 Buy rating(s)0 Buy rating(s)0 Buy rating(s)Hold2 Hold rating(s)3 Hold rating(s)3 Hold rating(s)4 Hold rating(s)Sell0 Sell rating(s)1 Sell rating(s)1 Sell rating(s)1 Sell rating(s)Consensus Price Target$70.00$69.00$69.00$69.00Forecasted Upside22.76% Upside32.04% Upside38.33% Upside54.19% UpsideConsensus RatingModerate BuyHoldReduceReduce Missed Nvidia? Watch this ASAP (Ad)This little-known project that Bill Gates has been quietly working on that’s about to unleash an AI breakthrough so advanced, it’s going to make ChatGPT look like VHS. But what’s even more unbelievable? I believe it’ll make Nvidia’s meteoric rise look like a backyard bottle rocket.Click here and I’ll tell you everything you need to know. BNS Analyst Recommendations By MonthAnalyst Ratings Chart DescriptionThe 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.Skip Chart & View Analyst Rating History BNS Price Targets by MonthAverage Share Price and Price Target by Month Chart DescriptionThe 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.Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table Bank of Nova Scotia Stock vs. The CompetitionTypeBank of Nova ScotiaFinance CompaniesS&P 500Consensus Rating Score 2.88 2.49 2.50Consensus RatingModerate BuyHoldModerate BuyPredicted Upside23.41% Upside8.16% Upside6.56% UpsideNews Sentiment RatingPositive NewsSee Recent BNS NewsPositive NewsPositive News Recent Analyst Forecasts and Stock Ratings All Ratings Strong Buy Buy Hold Sell Rating Show All Upside > 100% Upside 50% - 100% Upside 20% - 50% Upside 10% - 20% Upside 0% - 10% Downside 0% - 10% Downside 10% - 20% Downside 20% - 50% Downside 50% - 100% Downside > 100% Upside/Downside All Actions Upgrades Downgrades Initiates Coverage Raises Target Lowers Target Reiterates Rating Action Custom Range 1 Month 3 Months 6 Months Year-to-Date 1 Year 3 Years 5 Years Time Frame Start Date End Date Most Recent from Each Brokerage All Show Export to Excel DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails11/21/2024Barclays3 of 5 starsB. MortonSubscribe to MarketBeat All Access for the recommendation accuracy ratingUpgradeUnderweight ➝ Equal Weight11/19/2024Canaccord Genuity Group1 of 5 stars UpgradeHold ➝ Buy11/19/2024Bank of America4 of 5 stars UpgradeNeutral ➝ Buy11/18/2024UBS GroupSubscribe to MarketBeat All Access for the recommendation accuracy ratingJ. SheaSubscribe to MarketBeat All Access for the recommendation accuracy ratingUpgradeNeutral ➝ Buy11/4/2024TD SecuritiesSubscribe to MarketBeat All Access for the recommendation accuracy ratingM. MendoncaSubscribe to MarketBeat All Access for the recommendation accuracy ratingUpgradeHold ➝ Buy9/20/2024Cibc World MktsSubscribe to MarketBeat All Access for the recommendation accuracy ratingP. HoldenSubscribe to MarketBeat All Access for the recommendation accuracy ratingUpgradeHold ➝ Strong-Buy2/22/2024Jefferies Financial GroupSubscribe to MarketBeat All Access for the recommendation accuracy rating Initiated CoverageHold11/29/2023BMO Capital MarketsSubscribe to MarketBeat All Access for the recommendation accuracy rating Lower TargetMarket Perform ➝ Market Perform$73.00 ➝ $68.00+60.34%8/30/2023ScotiabankSubscribe to MarketBeat All Access for the recommendation accuracy rating Lower TargetHold ➝ Hold$68.00 ➝ $66.00+38.95%3/1/2023Royal Bank of CanadaSubscribe to MarketBeat All Access for the recommendation accuracy rating Lower TargetSector Perform$86.00 ➝ $77.00+54.74%Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 05:43 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 Friday, November 22, 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 recently shown strong institutional interest, with significant increases in holdings from various hedge funds, indicating confidence in the bank's future performance. The current stock price is $53.04, reflecting a 2.2% increase, which suggests positive market sentiment and potential for further growth. The bank reported a quarterly earnings per share (EPS) of $1.63, exceeding analyst expectations, which demonstrates its ability to generate profits effectively. With a dividend yield of 5.88% and a recent dividend payout of $0.768, The Bank of Nova Scotia offers attractive income potential for investors seeking regular returns. The bank's market capitalization stands at $65.64 billion, indicating a stable and established presence in the financial sector, which can provide a sense of security for investors. Bank of Nova Scotia Bear Case Investors should be bearish about investing in The Bank of Nova Scotia for these reasons: The bank has a relatively high dividend payout ratio of 74.88%, which may raise concerns about sustainability, especially in times of economic downturns. Despite recent positive earnings, the bank's revenue of $8.36 billion fell short of the consensus estimate of $8.53 billion, indicating potential challenges in meeting growth expectations. Analysts have mixed ratings on the stock, with a consensus rating of "Hold," suggesting that there may not be strong bullish sentiment among market experts. The stock has a beta of 1.05, indicating that it is slightly more volatile than the market, which could pose risks for conservative investors. With a one-year high of $55.12, the stock is approaching its peak, which may limit upside potential for new investors entering at this price point. BNS Forecast - Frequently Asked Questions What is Bank of Nova Scotia's forecast for 2025? According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Bank of Nova Scotia is $70.00, with a high forecast of $70.00 and a low forecast of $70.00. Should I buy or sell Bank of Nova Scotia stock right now? 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last year. There are currently 2 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. Does Bank of Nova Scotia's stock price have much upside? According to analysts, Bank of Nova Scotia's stock has a predicted upside of 22.76% based on their 12-month stock forecasts. Has Bank of Nova Scotia been upgraded by Wall Street analysts recently? Over the previous 90 days, Bank of Nova Scotia's stock had 7 upgrades by analysts. What analysts cover Bank of Nova Scotia? Bank of Nova Scotia has been rated by research analysts at Bank of America, Barclays, Canaccord Genuity Group, Canaccord Genuity Group, Cibc World Mkts, TD Securities, and UBS Group in the past 90 days. Do Wall Street analysts like Bank of Nova Scotia more than its competitors? 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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