The Bank of Nova Scotia (BNS)
NYSE: BNS · IEX Real-Time Price · USD
47.09
+0.35 (0.75%)
Apr 22, 2024, 4:00 PM EDT - Market closed
The Bank of Nova Scotia Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for BNS stock have an average target of 68.5, with a low estimate of 65 and a high estimate of 73. The average target predicts an increase of 45.47% from the current stock price of 47.09.
Analyst Consensus: Sell
* Price targets were last updated on Mar 20, 2024.
Analyst Ratings
The average analyst rating for BNS stock from 4 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 1 | 1 | 1 | 1 | 2 | 2 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Sell Initiates $70 | Sell | Initiates | $70 | +48.65% | Mar 20, 2024 |
| Scotiabank | Scotiabank | Hold Maintains $68 → $66 | Hold | Maintains | $68 → $66 | +40.16% | Aug 30, 2023 |
| Barclays | Barclays | Sell Maintains $63 → $65 | Sell | Maintains | $63 → $65 | +38.03% | Aug 21, 2023 |
| RBC Capital | RBC Capital | Hold Maintains $76 → $73 | Hold | Maintains | $76 → $73 | +55.02% | May 26, 2023 |
| Barclays | Barclays | Hold → Sell Downgrades $78 → $64 | Hold → Sell | Downgrades | $78 → $64 | +35.91% | May 9, 2023 |
Financial Forecast
Revenue This Year
34.30B
from 32.31B
Increased by 6.16%
Revenue Next Year
36.24B
from 34.30B
Increased by 5.67%
EPS This Year
6.62
from 5.78
Increased by 14.47%
EPS Next Year
7.12
from 6.62
Increased by 7.67%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 36.0B | 38.3B | 41.5B |
| Avg | 34.3B | 36.2B | 38.7B |
| Low | 32.7B | 34.0B | 36.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 11.5% | 11.6% | 14.6% |
| Avg | 6.2% | 5.7% | 6.8% |
| Low | 1.3% | -0.7% | 0.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 7.14 | 7.71 | 8.26 |
| Avg | 6.62 | 7.12 | 7.52 |
| Low | 5.86 | 5.85 | 7.06 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 23.5% | 16.5% | 16.0% |
| Avg | 14.5% | 7.7% | 5.6% |
| Low | 1.4% | -11.6% | -1.0% |
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.