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

C$62.01
-1.05 (-1.67%)
(As of 06/20/2024 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

C$66.68
7.53% Upside
High ForecastC$74.00
Average ForecastC$66.68
Low ForecastC$60.00
TypeCurrent Forecast
6/22/23 to 6/21/24
1 Month Ago
5/23/23 to 5/22/24
3 Months Ago
3/24/23 to 3/23/24
1 Year Ago
6/22/22 to 6/22/23
Consensus Rating
Reduce
Hold
Hold
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)
1 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
Hold
12 Hold rating(s)
12 Hold rating(s)
12 Hold rating(s)
7 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
Consensus Price TargetC$66.68C$67.41C$66.66C$71.89
Forecasted Upside7.53% Upside4.05% Upside3.10% Upside6.20% 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 ScotiaFinancial Services Companies
Consensus Rating Score
1.92
2.50
Consensus RatingReduceModerate Buy
News Sentiment RatingPositive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/6/2024Jefferies Financial Group
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 Lower TargetHoldC$69.00 ➝ C$64.00-1.25%
5/29/2024Royal Bank of Canada
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 Lower TargetSector PerformC$64.00 ➝ C$62.00-2.88%
5/29/2024National Bankshares
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 Lower TargetSector PerformC$67.00 ➝ C$66.00+3.38%
5/29/2024Canaccord Genuity Group
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 Boost TargetHoldC$70.00 ➝ C$71.00+11.22%
5/29/2024CIBC
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 Boost TargetNeutralC$64.00 ➝ C$68.00+6.52%
5/10/2024TD Securities
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 Lower TargetC$72.00 ➝ C$69.00+5.31%
4/5/2024BMO Capital Markets
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 Boost TargetC$69.00 ➝ C$74.00+8.84%
2/28/2024Desjardins
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 Boost TargetHoldC$64.00 ➝ C$68.00+4.37%
11/29/2023Bank of America
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 Lower TargetNeutralC$68.00 ➝ C$60.00+0.37%
11/23/2023Keefe, Bruyette & Woods
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 Lower TargetMarket PerformC$66.00 ➝ C$63.00+4.55%
8/30/2023Barclays
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 Boost TargetUnderperformC$65.00 ➝ C$66.00+2.52%
8/30/2023CSFB
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 Boost TargetNeutralC$66.00 ➝ C$68.00+5.62%
8/30/2023Cormark
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 Lower TargetMarket PerformC$68.00 ➝ C$65.00+0.96%
7/24/2023Scotiabank
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 Boost TargetC$67.00 ➝ C$69.50+3.56%
6/6/2023Fundamental Research
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 Set TargetBuyC$77.55+16.97%
2/27/2023Veritas Investment Research
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 Reiterated RatingReduce
11/22/2022Credit Suisse Group
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 Lower TargetC$73.00+3.03%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 05:42 AM ET.

BNS Forecast - Frequently Asked Questions

What is Bank of Nova Scotia's stock forecast and purchase recommendation?

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$66.68, with a high forecast of C$74.00 and a low forecast of C$60.00. The consensus rating for Bank of Nova Scotia stock is Reduce based on the current 1 sell rating and 12 hold ratings for BNS. Learn more on BNS's analyst rating history.

Do Wall Street analysts like Bank of Nova Scotia more than its competitors?

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

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 4.19% 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 BMO Capital Markets, Canaccord Genuity Group, CIBC, Jefferies Financial Group, National Bankshares, Royal Bank of Canada, and TD Securities in the past 90 days.


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This page (TSE:BNS) was last updated on 6/21/2024 by MarketBeat.com Staff

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