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

OverviewRevenueOwnershipFinancialsChartTranscripts

BNS Stock Forecast

Bank of Nova Scotia (BNS) stock forecast, based on 9 Wall Street analysts, predicts a 12-month average price target of $73.00, with a high of $74.00 and a low of $72.00. This represents a 40.57% increase from the last price of $51.93.

$45 $51 $57 $63 $69 $75 High: $74 Avg: $73 Low: $72 Last Closed Price: $51.93

BNS Stock Rating

Bank of Nova Scotia stock's rating consensus is Hold, based on 9 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 3 Buy (33.33%), 6 Hold (66.67%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Hold
Total 9 0 6 3 Strong Sell Sell Hold Buy Strong Buy

BNS Forecast vs Benchmarks

TypeNameUpside
StockBank of Nova Scotia40.57%
SectorFinancial Services Stocks 2.38%
IndustryDiversified Banks Stocks8.17%

Price Target Trends

1M3M12M
# Anlaysts-13
Avg Price Target-$74.00$71.00
Last Closing Price$51.93$51.93$51.93
Upside/Downside-42.50%36.72%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25168-116
Dec, 24158-115
Nov, 241511-219
Oct, 2412112218
Sep, 2412112218
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Dec 04, 2024Darko MihelicRBC Capital$74.00$55.3833.62%42.50%
Aug 28, 2024Sohrab MovahediBMO Capital$72.00$48.9847.00%38.65%
Jul 02, 2024Jill SheaUBS$67.00$45.4647.38%29.02%
May 19, 2021Ebrahim PoonawalaBank of America Securities$75.60$62.5120.94%45.58%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Dec 04, 2024RBC CapitalSector PerformSector Performhold
Sep 20, 2024CIBCNeutralOutperformupgrade
Sep 20, 2024ScotiabankOutperformupgrade
Sep 06, 2024CIBCNeutralNeutralhold
Aug 28, 2024RBC CapitalSector PerformSector Performhold
Aug 28, 2024BMO CapitalMarket PerformMarket Performhold
Jul 02, 2024UBSNeutralinitialise
May 29, 2024CIBCNeutralNeutralhold
Nov 30, 2022RBC CapitalSector PerformSector Performhold
Nov 30, 2022BMO CapitalMarket PerformMarket Performhold

Financial Forecast

EPS Forecast

Oct 20 Oct 21 Oct 22 Oct 23 Oct 24 Oct 25 Oct 26 Oct 27
Oct 20Oct 21Oct 22Oct 23Oct 24Oct 25Oct 26Oct 27
Reported$5.43$7.74$8.05$6.14----
Avg Forecast$5.08$7.67$6.64$6.86$6.49$7.01$7.98$8.10
High Forecast$5.00$7.56$5.32$6.78$6.36$6.74$7.50$7.91
Low Forecast$5.19$7.83$7.96$6.90$6.65$7.15$8.36$8.27
Surprise %6.89%0.91%21.23%-10.50%----

Revenue Forecast

$20B $24B $28B $32B $36B $40B Oct 20 Oct 21 Oct 22 Oct 23 Oct 24 Oct 25 Oct 26 Oct 27
Oct 20Oct 21Oct 22Oct 23Oct 24Oct 25Oct 26Oct 27
Reported$31.29B$30.91B$31.15B$31.79B----
Avg Forecast$31.24B$31.42B$25.91B$32.03B$33.85B$35.88B$37.97B$35.77B
High Forecast$30.88B$31.06B$20.73B$31.46B$33.38B$35.64B$37.01B$35.13B
Low Forecast$31.75B$31.93B$31.10B$32.56B$34.55B$36.06B$38.67B$36.36B
Surprise %0.16%-1.62%20.20%-0.77%----

Net Income Forecast

$5B $6B $8B $9B $11B $12B Oct 20 Oct 21 Oct 22 Oct 23 Oct 24 Oct 25 Oct 26 Oct 27
Oct 20Oct 21Oct 22Oct 23Oct 24Oct 25Oct 26Oct 27
Reported$6.78B$9.62B$9.92B$7.41B----
Avg Forecast$6.38B$8.52B$9.78B$6.99B$8.03B$8.55B$9.64B$9.99B
High Forecast$5.11B$6.81B$7.83B$5.59B$7.85B$8.33B$9.26B$9.77B
Low Forecast$7.66B$10.22B$11.74B$8.39B$8.21B$8.84B$10.32B$10.22B
Surprise %6.18%12.99%1.35%5.99%----

BNS Forecast FAQ

Is Bank of Nova Scotia stock a buy?

Bank of Nova Scotia stock has a consensus rating of Hold, based on 9 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 3 Buy, 6 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Bank of Nova Scotia is a neutral investment for most analysts.

What is Bank of Nova Scotia's price target?

Bank of Nova Scotia's price target, set by 9 Wall Street analysts, averages $73 over the next 12 months. The price target range spans from $72 at the low end to $74 at the high end, suggesting a potential 40.57% change from the previous close price of $51.93.

How does Bank of Nova Scotia stock forecast compare to the average forecast of its sector, industry, and investment themes?

Bank of Nova Scotia stock forecast shows a 40.57% upside, outperforming the average forecast for the financial services stocks sector (2.38%) and outperforming the diversified banks stocks industry (8.17%).

What is the breakdown of analyst ratings for Bank of Nova Scotia over the past three months?

  • January 2025: 6.25% Strong Buy, 37.50% Buy, 50.00% Hold, 0% Sell, 6.25% Strong Sell.
  • December 2024: 6.67% Strong Buy, 33.33% Buy, 53.33% Hold, 0% Sell, 6.67% Strong Sell.
  • November 2024: 5.26% Strong Buy, 26.32% Buy, 57.89% Hold, 0% Sell, 10.53% Strong Sell.

What is Bank of Nova Scotia’s EPS forecast?

Bank of Nova Scotia's average annual EPS forecast for its fiscal year ending in October is 6.49 for 2024, a 5.70% increase from the reported $6.14 in 2023. The prediction for 2025 is $7.01, $7.98 for 2026, and $8.1 for 2027.

What is Bank of Nova Scotia’s revenue forecast?

Bank of Nova Scotia's average annual revenue forecast for its fiscal year ending in October is $33.85B for 2024, a 6.48% increase from the reported $31.79B in 2023. The forecast for 2025 is $35.88B, $37.97B for 2026, and $35.77B for 2027.

What is Bank of Nova Scotia’s net income forecast?

For its fiscal year ending in October, Bank of Nova Scotia's average annual net income forecast is $8.03B for 2024, reflecting an 8.36% increase from the reported $7.41B in 2023. The projection for 2025 is $8.55B, $9.64B for 2026, and $9.99B for 2027.