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

Bank of Nova Scotia logo
C$90.74 -0.29 (-0.32%)
As of 10:54 AM Eastern
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Bank of Nova Scotia - Analysts' Recommendations and Stock Price Forecast (2025)

Consensus Rating

Hold
Based on 13 Analyst Ratings
Sell
0
Hold
8
Buy
5

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 "Hold." Out of the 13 analysts, 8 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$85.85
-5.39% Downside
According to the 13 analysts' twelve-month price targets for Bank of Nova Scotia, the average price target is C$85.85. The highest price target for BNS is C$93.00, while the lowest price target for BNS is C$78.00. The average price target represents a forecasted downside of -5.39% from the current price of C$90.74.
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.
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BNS Analyst Ratings Over Time

TypeCurrent Forecast
10/6/24 to 10/6/25		1 Month Ago
9/6/24 to 9/6/25		3 Months Ago
7/8/24 to 7/8/25		1 Year Ago
10/7/23 to 10/6/24
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
1 Buy rating(s)
Hold
8 Hold rating(s)
8 Hold rating(s)
9 Hold rating(s)
11 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$85.85C$85.85C$77.31C$68.25
Forecasted Upside-5.39% Downside-2.29% Downside2.93% Upside-5.22% Downside
Consensus RatingHoldHoldHoldHold

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 ScotiaFinancial Services Companies
Consensus Rating Score
2.46
2.24
Consensus RatingHoldHold
News Sentiment Rating
Neutral News

See Recent BNS News
Positive News
Export to Excel
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside		Details
9/22/2025National Bankshares
3 of 5 stars		 Set TargetSector PerformC$81.00-9.26%
9/5/2025CIBC
4 of 5 stars		 Boost TargetNeutralC$90.00 ➝ C$93.00+5.98%
8/27/2025Jefferies Financial Group
2 of 5 stars		 Boost TargetC$83.00 ➝ C$86.00+0.35%
8/27/2025TD Securities
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Boost TargetBuyC$87.00 ➝ C$93.00+8.52%
8/27/2025Bank of America
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Boost TargetC$78.00 ➝ C$88.00+2.68%
8/27/2025Royal Bank Of Canada
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Boost TargetSector PerformC$80.00 ➝ C$86.00+0.35%
8/27/2025Barclays
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Boost TargetC$81.00 ➝ C$86.00+0.35%
8/27/2025Canaccord Genuity Group
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Boost TargetBuyC$87.00 ➝ C$90.00+5.02%
8/27/2025Desjardins
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Boost TargetHoldC$79.00 ➝ C$85.00-0.82%
5/22/2025UBS Group
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
J. Shea
Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating
Lower TargetC$85.00 ➝ C$78.00+9.05%
2/18/2025Cibc World Mkts
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
P. Holden
Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating
DowngradeStrong-Buy ➝ Hold
1/9/2025Accountability Research
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Set TargetBuyC$82.00+10.11%
11/18/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Boost TargetC$72.00 ➝ C$84.00+8.30%
8/20/2024Cormark
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Lower TargetMarket PerformC$68.00 ➝ C$65.00+1.01%
11/23/2023Keefe, Bruyette & Woods
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Lower TargetMarket PerformC$66.00 ➝ C$63.00+4.55%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 11:09 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, October 5, 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

green Wall Street bull icon

Here are some ways that investors could benefit from investing in The Bank of Nova Scotia:

  • The current stock price is around C$89, reflecting a recent 52-week high, indicating strong market performance and investor confidence.
  • The Bank of Nova Scotia has recently increased its quarterly dividend to $1.10, representing an annualized yield of approximately 4.9%, which can provide a steady income stream for investors.
  • Analysts have shown positive sentiment, with several firms raising their target prices, suggesting potential for further stock appreciation.
  • The bank has a solid market capitalization of over C$111 billion, indicating stability and a strong position in the financial services sector.
  • With a diverse range of business segments, including Canadian and international banking, The Bank of Nova Scotia is well-positioned to capitalize on various market opportunities.

Bank of Nova Scotia
Bear Case

red Wall Street bear icon

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

  • The stock has shown some volatility, with recent trading reflecting fluctuations in price, which may concern risk-averse investors.
  • Despite the dividend increase, the payout ratio is relatively high at 81.84%, which could limit future dividend growth and indicate potential strain on earnings.
  • Analysts have assigned a consensus rating of "Hold," suggesting that while the stock is stable, there may not be significant upside potential in the near term.
  • The bank's price-to-earnings ratio is around 17.13, which may be considered high compared to industry averages, potentially indicating overvaluation.
  • Market conditions and economic factors could impact the bank's performance, particularly in its international banking segment, which may introduce additional risks for investors.

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$85.85, with a high forecast of C$93.00 and a low forecast of C$78.00.

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last year. There are currently 8 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities 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 downside of -5.39% based on their 12-month stock forecasts.

Bank of Nova Scotia has been rated by research analysts at Bank of America, Barclays, Canaccord Genuity Group, CIBC, Desjardins, Jefferies Financial Group, National Bankshares, Royal Bank Of Canada, and TD Securities in the past 90 days.

Analysts like Bank of Nova Scotia more than other "financial services" companies. The consensus rating score for Bank of Nova Scotia is 2.46 while the average consensus rating score for "financial services" companies is 2.25. Learn more on how BNS compares to other companies.

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This page (TSE:BNS) was last updated on 10/6/2025 by MarketBeat.com Staff
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