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

C$106.92 +2.56 (+2.45%)

As of 05/6/2026 04:50 PM Eastern

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Bank of Nova Scotia - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold

Based on 11 Analyst Ratings

Sell
0

Hold
10

Buy
1

Based on 11 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 11 analysts, 10 have given a hold rating, and 1 has given a buy rating for BNS.

Consensus Price Target

C$106.62
-0.28% Downside

According to the 11 analysts' twelve-month price targets for Bank of Nova Scotia, the average price target is C$106.62. The highest price target for BNS is C$120.00, while the lowest price target for BNS is C$88.00. The average price target represents a forecasted downside of -0.28% from the current price of C$106.92.

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

Type	Current Forecast 5/7/25 to 5/7/26	1 Month Ago 4/7/25 to 4/7/26	3 Months Ago 2/6/25 to 2/6/26	1 Year Ago 5/7/24 to 5/7/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)
Hold	10 Hold rating(s)	9 Hold rating(s)	7 Hold rating(s)	8 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$106.62	C$106.08	C$94.83	C$75.45
Forecasted Upside	-0.28% Downside	9.17% Upside	-9.08% Downside	8.71% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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	2.09	2.07
Consensus Rating	Hold	Hold
News Sentiment Rating	Positive 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

Date	Brokerage	Action	Rating	Price Target	Report Date Upside/Downside
5/5/2026	TD Not Rated	Boost Target	Hold	C$111.00 ➝ C$112.00	+7.23%
5/5/2026	Desjardins 4 of 5 stars	Boost Target	Hold	C$107.00 ➝ C$108.00	+3.40%
3/25/2026	Royal Bank Of Canada 3 of 5 stars	Lower Target	Sector Perform	C$106.00 ➝ C$98.00	+1.26%
3/9/2026	Canaccord Genuity Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Downgrade	Buy ➝ Hold	C$118.00 ➝ C$110.00	+14.74%
3/5/2026	Canadian Imperial Bank of Commerce Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target		C$108.00 ➝ C$109.00	+9.42%
3/3/2026	TD Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Downgrade	Buy ➝ Hold	C$112.00 ➝ C$111.00	+10.13%
2/25/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target		C$118.00 ➝ C$120.00	+16.20%
2/25/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target	Equal Weight	C$106.00 ➝ C$108.00	+4.58%
2/25/2026	National Bank Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Lower Target	Sector Perform	C$102.00 ➝ C$100.00	-3.17%
2/25/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target	Outperform	C$114.00 ➝ C$117.00	+13.30%
Get the Latest News and Ratings for BNS and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Bank of Nova Scotia and its competitors with MarketBeat's FREE daily newsletter.
2/25/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target	Market Perform	C$98.00 ➝ C$101.00	-2.20%
2/11/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target		C$97.00 ➝ C$104.00	-0.93%
8/27/2025	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Boost Target		C$78.00 ➝ C$88.00	+2.68%
1/9/2025	Accountability Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Set Target	Buy	C$82.00	+10.11%
8/20/2024	Cormark Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Lower Target	Market Perform	C$68.00 ➝ C$65.00	+1.01%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 04:28 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 Saturday, May 2, 2026. 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 current stock price is around C$97.40, which is above its two-hundred day moving average, indicating potential upward momentum.
The Bank of Nova Scotia has a solid market capitalization of approximately C$129.87 billion, reflecting its strong position in the financial services sector.
With a P/E ratio of 18.53, the stock is reasonably valued compared to its earnings, suggesting it may be a good investment opportunity.
The bank reported a return on equity of 9.64%, which indicates effective management and profitability relative to shareholder equity.
Recent analyst ratings show a consensus target price of C$106.08, suggesting potential for price appreciation based on market expectations.

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 beta of 1.33, indicating higher volatility compared to the market, which may pose risks for conservative investors.
Insider trading activity shows a significant decrease in ownership by insiders, which could signal a lack of confidence in the company's future performance.
The bank's net margin of 17.68% is decent but may not be competitive compared to other financial institutions, potentially limiting growth.
Recent changes in analyst ratings include downgrades, with some firms reducing their price targets, which may indicate caution among market experts.
The payout ratio of 64.69% suggests that a significant portion of earnings is being distributed as dividends, which could limit funds available for reinvestment in growth opportunities.

BNS Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Bank of Nova Scotia is C$106.62, with a high forecast of C$120.00 and a low forecast of C$88.00.
: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last twelve months. There are currently 10 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 -0.28% based on their 12-month stock forecasts.
: Over the previous 90 days, Bank of Nova Scotia's stock had 2 downgrades by analysts.
: Bank of Nova Scotia has been rated by research analysts at Barclays, BMO Capital Markets, Canaccord Genuity Group, Canadian Imperial Bank of Commerce, Desjardins, Jefferies Financial Group, National Bank Financial, Raymond James Financial, Royal Bank Of Canada, TD, TD Securities, and UBS Group 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 2.09 while the average consensus rating score for "financial services" companies is 2.07. Learn more on how BNS compares to other companies.

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This page (TSE:BNS) was last updated on 5/7/2026 by MarketBeat.com Staff.

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

Bank of Nova Scotia - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

BNS Analyst Ratings Over Time

BNS Analyst Recommendations By Month

BNS Price Targets by Month

Bank of Nova Scotia Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Bank of Nova Scotia Stock? BNS Pros and Cons Explained

Bank of Nova Scotia
Bull Case

Bank of Nova Scotia
Bear Case

BNS Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Bank of Nova Scotia Recommendations

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Stock Ideas and Recommendations

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

Bank of Nova Scotia - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

BNS Analyst Ratings Over Time

BNS Analyst Recommendations By Month

BNS Price Targets by Month

Bank of Nova Scotia Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Bank of Nova Scotia Stock? BNS Pros and Cons Explained

Bank of Nova Scotia Bull Case

Bank of Nova Scotia Bear Case

BNS Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Bank of Nova Scotia Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Bank of Nova Scotia
Bull Case

Bank of Nova Scotia
Bear Case