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

$49.68 -0.70 (-1.38%)

Closing price 03:59 PM Eastern

Extended Trading

$49.60 -0.07 (-0.15%)

As of 08:00 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
4

Buy
5

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, 4 have given a hold rating, and 5 have given a buy rating for BNS.

Consensus Price Target

$75.50
51.99% Upside

According to the 9 analysts' twelve-month price targets for Bank of Nova Scotia, the average price target is $75.50. The highest price target for BNS is $81.00, while the lowest price target for BNS is $70.00. The average price target represents a forecasted upside of 51.99% from the current price of $49.68.

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BNS Analyst Ratings Over Time

Type	Current Forecast 2/28/24 to 2/27/25	1 Month Ago 1/29/24 to 1/28/25	3 Months Ago 11/30/23 to 11/29/24	1 Year Ago 2/28/23 to 2/28/24
Strong Buy	0 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)	5 Buy rating(s)	0 Buy rating(s)
Hold	4 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$75.50	$72.00	$69.00	$69.00
Forecasted Upside	51.99% Upside	38.02% Upside	20.98% Upside	43.75% Upside
Consensus Rating	Moderate Buy	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	Finance Companies	S&P 500
Consensus Rating Score	2.56	2.51	2.53
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	51.99% Upside	27.41% Upside	15.72% Upside
News Sentiment Rating	Neutral 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
2/26/2025	Royal Bank of Canada 4 of 5 stars	Darko Mihelic Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Perform ➝ Sector Perform	$83.00 ➝ $81.00	+61.18%
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		Reiterated Rating	Sector Outperform ➝ Neutral
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	Underweight ➝ Equal Weight
11/19/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		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
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 Thursday at 11:58 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 Tuesday, February 25, 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 received a consensus rating of "Moderate Buy" from multiple research firms, indicating positive sentiment among analysts.
The current stock price is $56.22, which is significantly higher than its twelve-month low of $41.80, suggesting a strong recovery and potential for further growth.
The bank reported a quarterly EPS of $1.63, exceeding expectations, which reflects strong financial performance and effective management.
With a market capitalization of approximately $69.96 billion, The Bank of Nova Scotia is well-positioned in the market, providing stability and growth potential for investors.
The firm has shown a revenue increase of 3.7% compared to the same quarter last year, indicating a positive trend in its business operations.

Bank of Nova Scotia
Bear Case

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

The stock has a price-to-earnings (P/E) ratio of 13.45, which may be considered high compared to industry averages, potentially indicating overvaluation.
Analysts have set a consensus price target of $69.00, which suggests limited upside potential from the current price, raising concerns about future growth.
The bank's revenue for the last quarter was below analysts' expectations, which could signal challenges in meeting future financial targets.
Despite a positive net margin of 9.84%, the return on equity of 11.14% may not be competitive compared to other financial institutions, indicating less efficiency in generating profits from equity.
Recent upgrades from analysts may lead to increased volatility as market expectations adjust, which could pose risks for investors looking for stability.

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 $75.50, with a high forecast of $81.00 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 4 hold ratings and 5 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 upside of 51.99% based on their 12-month stock forecasts.
: Over the previous 90 days, Bank of Nova Scotia's stock had 1 downgrade by analysts.
: Bank of Nova Scotia has been rated by research analysts at CIBC, Cibc World Mkts, and Royal Bank of Canada 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 2.56 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 2/27/2025 by MarketBeat.com Staff

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