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

$47.06
+0.19 (+0.41%)
(As of 07/12/2024 ET)

Bank of Nova Scotia - Analysts' Recommendations and Stock Price Forecast (2024)

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

Consensus Price Target

$68.00
44.50% Upside
High Forecast$70.00
Average Forecast$68.00
Low Forecast$66.00
TypeCurrent Forecast
7/14/23 to 7/13/24
1 Month Ago
6/14/23 to 6/13/24
3 Months Ago
4/15/23 to 4/14/24
1 Year Ago
7/14/22 to 7/14/23
Consensus Rating
Reduce
Reduce
Reduce
Reduce
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
Hold
4 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
6 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$68.00$68.00$68.00$86.00
Forecasted Upside44.50% Upside46.30% Upside46.30% Upside58.02% Upside
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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.
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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.
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Bank of Nova Scotia Stock vs. The Competition

TypeBank of Nova ScotiaFinance CompaniesS&P 500
Consensus Rating Score
1.80
2.44
2.50
Consensus RatingReduceHoldModerate Buy
Predicted Upside44.50% Upside55.28% Upside9.17% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/2/2024UBS Group
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J. Shea
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Initiated CoverageNeutral
3/20/2024Barclays
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 Initiated CoverageUnderweight$70.00+41.33%
2/22/2024Jefferies Financial Group
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 Initiated CoverageHold
11/29/2023BMO Capital Markets
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 Lower TargetMarket Perform ➝ Market Perform$73.00 ➝ $68.00+60.34%
8/30/2023Scotiabank
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 Lower TargetHold ➝ Hold$68.00 ➝ $66.00+38.95%
3/1/2023Royal Bank of Canada
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 Lower TargetSector Perform$86.00 ➝ $77.00+54.74%
3/1/2023Canaccord Genuity Group
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 DowngradeBuy ➝ Hold
9/7/2022Desjardins
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 DowngradeBuy ➝ Hold
8/24/2022Credit Suisse Group
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 Lower TargetC$85.00 ➝ C$84.00
8/24/2022TD Securities
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 Lower TargetC$84.00 ➝ C$83.00
8/23/2022Keefe, Bruyette & Woods
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 DowngradeOutperform ➝ Market Perform
8/16/2022CIBC
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 Lower TargetC$88.00 ➝ C$87.00
8/16/2022National Bank Financial
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 Lower TargetC$91.00 ➝ C$90.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:15 AM ET.

BNS Forecast - Frequently Asked Questions

What is Bank of Nova Scotia's forecast for 2024?

According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Bank of Nova Scotia is $68.00, with a high forecast of $70.00 and a low forecast of $66.00.

Should I buy or sell Bank of Nova Scotia stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last year. There is currently 1 sell rating and 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" 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 46.30% based on their 12-month stock forecasts.

What analysts cover Bank of Nova Scotia?

Bank of Nova Scotia has been rated by research analysts at 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 less than other "finance" companies. The consensus rating for Bank of Nova Scotia is Reduce while the average consensus rating for "finance" companies is Hold. Learn more on how BNS compares to other companies.


This page (NYSE:BNS) was last updated on 7/13/2024 by MarketBeat.com Staff

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