The Bank of Nova Scotia (BNS)
NYSE: BNS · IEX Real-Time Price · USD
46.74
-0.59 (-1.25%)
At close: Jul 19, 2024, 4:00 PM
47.10
+0.36 (0.77%)
Pre-market: Jul 22, 2024, 7:23 AM EDT
The Bank of Nova Scotia Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for BNS stock have an average target of 67, with a low estimate of 65 and a high estimate of 70. The average target predicts an increase of 43.35% from the current stock price of 46.74.
Analyst Consensus: Sell
* Price targets were last updated on Mar 20, 2024.
Analyst Ratings
The average analyst rating for BNS stock from 3 stock analysts is "Sell". This means that analysts believe this stock is likely to lead to lower returns than market as a whole.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 2 | 2 | 2 | 2 | 1 |
| Sell | 1 | 2 | 2 | 2 | 2 | 2 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 4 | 4 | 4 | 4 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Sell Initiates $70 | Sell | Initiates | $70 | +49.76% | Mar 20, 2024 |
| Scotiabank | Scotiabank | Hold Maintains $68 → $66 | Hold | Maintains | $68 → $66 | +41.21% | Aug 30, 2023 |
| Barclays | Barclays | Sell Maintains $63 → $65 | Sell | Maintains | $63 → $65 | +39.07% | Aug 21, 2023 |
| RBC Capital | RBC Capital | Hold Maintains $76 → $73 | Hold | Maintains | $76 → $73 | +56.18% | May 26, 2023 |
| Barclays | Barclays | Hold → Sell Downgrades $78 → $64 | Hold → Sell | Downgrades | $78 → $64 | +36.93% | May 9, 2023 |
Financial Forecast
Revenue This Year
34.17B
from 32.31B
Increased by 5.75%
Revenue Next Year
35.75B
from 34.17B
Increased by 4.65%
EPS This Year
6.54
from 5.78
Increased by 13.10%
EPS Next Year
6.99
from 6.54
Increased by 6.87%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 35.8B | 38.4B | 41.3B |
| Avg | 34.2B | 35.8B | 37.5B |
| Low | 32.7B | 33.6B | 34.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 10.7% | 12.3% | 15.5% |
| Avg | 5.8% | 4.7% | 4.8% |
| Low | 1.1% | -1.7% | -4.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 6.98 | 7.58 | 8.55 |
| Avg | 6.54 | 6.99 | 7.67 |
| Low | 6.21 | 5.84 | 6.97 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 20.8% | 16.0% | 22.3% |
| Avg | 13.1% | 6.9% | 9.7% |
| Low | 7.5% | -10.7% | -0.3% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.