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Bank of Nova Scotia - BNS Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $69.00
  • Forecasted Upside: 32.29%
  • Number of Analysts: 5
  • Breakdown:
  • 1 Sell Ratings
  • 3 Hold Ratings
  • 0 Buy Ratings
  • 1 Strong Buy Ratings
$52.16 As of 10/30/2024 03:52 PM ET
▼ -0.06 (-0.11%)

This chart shows the closing price for BNS by one month, three months, or twelve months.

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Analyst Price Target for BNS

Analyst Price Target is $69.00
▲ +32.29% Upside Potential
This price target is based on 5 analysts offering 12 month price targets for Bank of Nova Scotia in the last 3 months. The average price target is $69.00, with a high forecast of $70.00 and a low forecast of $68.00. The average price target represents a 32.29% upside from the last price of $52.16.

This chart shows the closing price for BNS for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 5 investment analysts is to hold stock in Bank of Nova Scotia. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 1 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
5/9/2023
  • 1 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
8/7/2023
  • 1 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
11/5/2023
  • 1 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
2/3/2024
  • 1 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
5/3/2024
  • 1 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
8/1/2024
  • 1 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
9/30/2024
  • 1 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
10/30/2024

Latest Recommendations

  • 1 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
9/20/2024Cibc World MktsUpgradeHold ➝ Strong-Buy
7/2/2024UBS GroupInitiated CoverageNeutral
3/20/2024BarclaysInitiated CoverageUnderweight$70.00
2/22/2024Jefferies Financial GroupInitiated CoverageHold
11/29/2023BMO Capital MarketsLower TargetMarket Perform ➝ Market Perform$73.00 ➝ $68.00
8/30/2023ScotiabankLower TargetHold ➝ Hold$68.00 ➝ $66.00
8/21/2023BarclaysBoost TargetUnderweight ➝ Underweight$63.00 ➝ $65.00
5/9/2023BarclaysDowngradeEqual Weight ➝ Underweight
3/1/2023Royal Bank of CanadaLower TargetSector Perform$86.00 ➝ $77.00
3/1/2023Canaccord Genuity GroupDowngradeBuy ➝ Hold
2/28/2023ScotiabankDowngradeBuy ➝ Hold
11/30/2022ScotiabankLower TargetSector Perform ➝ Sector PerformC$83.50 ➝ C$81.50
11/18/2022ScotiabankLower TargetSector Perform ➝ Sector PerformC$90.00 ➝ C$85.00
9/7/2022DesjardinsDowngradeBuy ➝ Hold
8/24/2022DesjardinsLower TargetC$92.00 ➝ C$88.00
8/24/2022Credit Suisse GroupLower TargetC$85.00 ➝ C$84.00
8/24/2022TD SecuritiesLower TargetC$84.00 ➝ C$83.00
8/24/2022Royal Bank of CanadaDowngradeOutperform ➝ Sector Perform
8/23/2022Keefe, Bruyette & WoodsDowngradeOutperform ➝ Market Perform
8/23/2022BMO Capital MarketsDowngradeOutperform ➝ Market Perform$95.00
8/18/2022Canaccord Genuity GroupLower TargetBuy ➝ BuyC$92.00 ➝ C$89.00
8/16/2022CIBCLower TargetC$88.00 ➝ C$87.00
8/16/2022National Bank FinancialLower TargetC$91.00 ➝ C$90.00
5/27/2022DesjardinsLower TargetC$96.00 ➝ C$94.00
5/26/2022Canaccord Genuity GroupBoost TargetC$89.00 ➝ C$92.00
5/26/2022National Bank FinancialBoost TargetC$90.00 ➝ C$91.00
5/26/2022Stifel NicolausBoost TargetC$95.00 ➝ C$97.00
5/26/2022Credit Suisse GroupBoost TargetC$88.00 ➝ C$91.00
5/26/2022Royal Bank of CanadaBoost TargetC$93.00 ➝ C$94.00
5/26/2022TD SecuritiesBoost TargetC$88.00 ➝ C$90.00
5/20/2022Credit Suisse GroupReiterated RatingNeutral
5/17/2022Bank of AmericaDowngradeBuy ➝ Neutral
4/11/2022CIBCDowngradeSector Outperform ➝ Neutral
4/8/2022Stifel NicolausLower TargetC$107.00 ➝ C$106.00
3/10/2022TD SecuritiesDowngradeBuy ➝ Hold
3/3/2022DesjardinsBoost TargetC$95.00 ➝ C$99.00
3/2/2022BMO Capital MarketsBoost TargetC$93.00 ➝ C$95.00
3/2/2022National Bank FinancialBoost TargetC$90.00 ➝ C$91.00
3/2/2022BarclaysBoost TargetC$97.00 ➝ C$99.00
3/2/2022Stifel NicolausBoost TargetC$104.00 ➝ C$107.00
2/17/2022Stifel NicolausInitiated CoverageBuy
1/19/2022BarclaysBoost TargetEqual Weight$84.00 ➝ $96.00
12/7/2021Fundamental ResearchBoost TargetBuy ➝ Buy$87.68 ➝ $100.91
12/1/2021TD SecuritiesBoost TargetBuyC$90.00 ➝ C$95.00
12/1/2021Royal Bank of CanadaBoost TargetPositive ➝ OutperformC$89.00 ➝ C$99.00
11/12/2021Veritas Investment ResearchReiterated RatingBuy
9/1/2021Fundamental ResearchBoost TargetBuy ➝ Buy$85.00 ➝ $87.68
8/25/2021Credit Suisse GroupLower TargetNeutralC$85.00 ➝ C$84.00
8/25/2021TD SecuritiesLower TargetBuyC$90.00 ➝ C$87.00
8/25/2021National Bank FinancialBoost TargetSector Perform$84.00 ➝ $86.00
8/25/2021Royal Bank of CanadaBoost TargetOutperformC$86.00 ➝ C$89.00
6/23/2021CIBCBoost TargetC$91.00 ➝ C$92.00
6/8/2021BarclaysUpgradeUnderweight ➝ Equal Weight$82.00 ➝ $87.00
6/3/2021DesjardinsBoost TargetBuyC$85.00 ➝ C$89.00
6/2/2021BMO Capital MarketsBoost TargetOutperformC$88.00 ➝ C$93.00
6/2/2021Royal Bank of CanadaBoost TargetOutperformC$84.00 ➝ C$86.00
6/2/2021Credit Suisse GroupUpgradeUnderperform ➝ NeutralC$77.00 ➝ C$84.00
5/20/2021CIBCBoost TargetOutperformC$86.00 ➝ C$91.00
3/8/2021CIBCUpgradeNeutral ➝ Outperformer
3/2/2021CIBCUpgradeNeutral ➝ Outperform$83.00 ➝ $86.00
2/25/2021DesjardinsBoost TargetBuy$72.00 ➝ $79.00
2/24/2021BMO Capital MarketsBoost TargetOutperform$75.00 ➝ $80.00
2/24/2021Royal Bank of CanadaBoost TargetOutperform$77.00 ➝ $84.00
2/24/2021TD SecuritiesBoost TargetBuy$79.00 ➝ $83.00
2/24/2021CIBCBoost TargetNeutral$83.00
2/16/2021BarclaysBoost TargetUnderweight$60.00 ➝ $69.00
1/8/2021Credit Suisse GroupDowngradeNeutral ➝ Underperform$66.00 ➝ $64.00
12/8/2020Royal Bank of CanadaUpgradeSector Perform ➝ Outperform$71.00 ➝ $77.00
12/2/2020Credit Suisse GroupBoost TargetNeutral$63.00 ➝ $66.00
12/2/2020Royal Bank of CanadaBoost TargetSector Perform$61.00 ➝ $71.00
12/2/2020CIBCBoost TargetNeutral$70.00 ➝ $72.00
11/12/2020BarclaysBoost TargetUnderweight$53.00 ➝ $54.00
10/6/2020Bank of AmericaUpgradeNeutral ➝ Buy$68.00
9/2/2020Fundamental ResearchInitiated CoverageBuy$66.04
8/26/2020Credit Suisse GroupLower TargetNeutral$56.00 ➝ $55.00
8/26/2020Royal Bank of CanadaLower TargetPositive ➝ Sector Perform$64.00 ➝ $61.00
8/19/2020BarclaysDowngradeOverweight ➝ Underweight$59.00 ➝ $53.00
7/24/2020CIBCInitiated CoverageNeutral
5/27/2020TD SecuritiesLower TargetBuy$66.00 ➝ $65.00
5/27/2020Royal Bank of CanadaBoost TargetSector Perform$59.00 ➝ $64.00
5/13/2020Bank of AmericaBoost TargetNeutral$43.00 ➝ $60.00
5/11/2020BarclaysLower TargetOverweight$62.00 ➝ $57.00
3/20/2020TD SecuritiesUpgradeHold ➝ Buy$75.00 ➝ $66.00
3/18/2020CfraLower TargetBuy$60.00 ➝ $51.00
3/13/2020Bank of AmericaDowngradeBuy ➝ Neutral
3/9/2020BarclaysLower TargetOverweight$82.00 ➝ $72.00
2/26/2020BarclaysReiterated RatingBuy$82.00
1/27/2020CIBCReiterated RatingHold$79.00
1/8/2020CIBCReiterated RatingHold
12/17/2019CitigroupDowngradeBuy ➝ Neutral$80.00
12/13/2019Credit Suisse GroupDowngradeOutperform ➝ Neutral$76.00
11/21/2019CIBCReiterated RatingHold$81.00
11/5/2019DesjardinsBoost TargetBuy$80.00 ➝ $82.00
(Data available from 10/30/2019 forward)

News Sentiment Rating

1.11 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 15 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 2 very negative mentions
Mentions as of
4/3/2024
  • 18 very positive mentions
  • 6 positive mentions
  • 4 negative mentions
  • 0 very negative mentions
Mentions as of
5/3/2024
  • 24 very positive mentions
  • 13 positive mentions
  • 3 negative mentions
  • 2 very negative mentions
Mentions as of
6/2/2024
  • 15 very positive mentions
  • 4 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
7/2/2024
  • 17 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/1/2024
  • 19 very positive mentions
  • 18 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
8/31/2024
  • 26 very positive mentions
  • 10 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
9/30/2024
  • 14 very positive mentions
  • 9 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
10/30/2024

Current Sentiment

  • 14 very positive mentions
  • 9 positive mentions
  • 1 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Bank of Nova Scotia logo
The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments. The company offers financial advice and solutions, and banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and retail automotive financing solutions. It also provides business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small, medium, and large businesses. In addition, it provides wealth management advice and solutions, including online brokerage, mobile investment, full-service brokerage, trust, private banking, and private investment counsel services; and retail mutual funds, exchange traded funds, liquid alternatives, and institutional funds. The Bank of Nova Scotia was founded in 1832 and is headquartered in Toronto, Canada.
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Today's Range

Now: $52.16
Low: $51.77
High: $52.48

50 Day Range

MA: $51.96
Low: $47.50
High: $54.79

52 Week Range

Now: $52.16
Low: $40.21
High: $55.12

Volume

479,260 shs

Average Volume

1,811,807 shs

Market Capitalization

$64.55 billion

P/E Ratio

12.48

Dividend Yield

6.05%

Beta

1.05

Frequently Asked Questions

What sell-side analysts currently cover shares of Bank of Nova Scotia?

The following sell-side analysts have issued research reports on Bank of Nova Scotia in the last twelve months: Barclays PLC, BMO Capital Markets, Cibc World Mkts, Jefferies Financial Group Inc., StockNews.com, and UBS Group AG.
View the latest analyst ratings for BNS.

What is the current price target for Bank of Nova Scotia?

2 Wall Street analysts have set twelve-month price targets for Bank of Nova Scotia in the last year. Their average twelve-month price target is $69.00, suggesting a possible upside of 31.9%. Barclays PLC has the highest price target set, predicting BNS will reach $70.00 in the next twelve months. BMO Capital Markets has the lowest price target set, forecasting a price of $68.00 for Bank of Nova Scotia in the next year.
View the latest price targets for BNS.

What is the current consensus analyst rating for Bank of Nova Scotia?

Bank of Nova Scotia currently has 1 sell rating, 3 hold ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in BNS, but not buy more shares or sell existing shares.
View the latest ratings for BNS.

What other companies compete with Bank of Nova Scotia?

Other companies that are similar to Bank of Nova Scotia include Royal Bank of Canada, HSBC, Mitsubishi UFJ Financial Group, HDFC Bank and Citigroup. Learn More about companies similar to Bank of Nova Scotia.

How do I contact Bank of Nova Scotia's investor relations team?

Bank of Nova Scotia's physical mailing address is 44 KING STREET WEST SCOTIA PLAZA 8TH FL., TORONTO A6, M5H 1H1. The bank's listed phone number is (416) 866-6161 and its investor relations email address is [email protected]. The official website for Bank of Nova Scotia is www.scotiabank.com. Learn More about contacing Bank of Nova Scotia investor relations.