Bank of Nova Scotia Stock Target Price and Analyst Consensus

BNS Stock  USD 51.81  0.65  1.27%   
The current analyst and expert consensus on Bank of Nova Scotia is Hold with 11 hold recommendations. The current projected Bank of Nova Scotia target price consensus is 50.6 with 15 analyst opinions. One of the most common ways Bank of Nova Scotia analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Bank of Nova Scotia vendors, executives, and/or customers. Bank of Nova Scotia recommendation module provides expert sentiment on the projected Bank of Nova Scotia target price to derive its highest and lowest estimates based on target price standard deviation of 0.0. Check out Macroaxis Advice on Bank of Nova Scotia to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Lowest Forecast
46.05
Highest Forecast
56.17
Target Price
50.6
Gross Profit is likely to drop to about 19.4 B in 2024. Pretax Profit Margin is likely to drop to 0.28 in 2024. At this time, Bank of Nova Scotia's Liabilities And Stockholders Equity is comparatively stable compared to the past year. Non Current Liabilities Total is likely to gain to about 235.9 B in 2024, whereas Total Stockholder Equity is likely to drop slightly above 40.6 B in 2024.
  
It's important to approach Bank of Nova Scotia's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

Bank of Nova Scotia Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Bank target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Bank of Nova Scotia's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   15  Hold
Most Bank analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Bank stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Bank of Nova Scotia, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Bank of Nova Scotia Target Price Projection

Bank of Nova Scotia's current and average target prices are 51.81 and 50.60, respectively. The current price of Bank of Nova Scotia is the price at which Bank Of Nova is currently trading. On the other hand, Bank of Nova Scotia's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Bank of Nova Scotia Market Quote on 28th of March 2024

Low Price51.81Odds
High Price51.81Odds

51.81

Target Price

Analyst Consensus On Bank of Nova Scotia Target Price

Low Estimate46.05Odds
High Estimate56.17Odds

50.6

Historical Lowest Forecast  46.05 Target Price  50.6 Highest Forecast  56.17
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Bank Of Nova and the information provided on this page.

Bank of Nova Scotia Analyst Ratings

Bank of Nova Scotia's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Bank of Nova Scotia stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Bank of Nova Scotia's financials, market performance, and future outlook by experienced professionals. Bank of Nova Scotia's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Bank of Nova Scotia price targets

Bank of Nova Scotia's stock target price is an estimate of its future price, usually made by analysts. Using Bank of Nova Scotia's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Bank of Nova Scotia's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Bank of Nova Scotia's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Bank of Nova Scotia Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Bank of Nova Scotia is a key component of Bank of Nova Scotia valuation and have some predictive power on the future returns of a Bank of Nova Scotia.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bank of Nova Scotia's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
50.1351.1552.17
Details
Intrinsic
Valuation
LowRealHigh
49.1450.1651.18
Details
Naive
Forecast
LowNextHigh
49.5850.5951.61
Details
Earnings
Estimates (0)
LowProjected EPSHigh
1.081.141.18
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Bank of Nova Scotia. Your research has to be compared to or analyzed against Bank of Nova Scotia's peers to derive any actionable benefits. When done correctly, Bank of Nova Scotia's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Bank of Nova Scotia.

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When determining whether Bank of Nova Scotia is a strong investment it is important to analyze Bank of Nova Scotia's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bank of Nova Scotia's future performance. For an informed investment choice regarding Bank Stock, refer to the following important reports:
Check out Macroaxis Advice on Bank of Nova Scotia to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

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When running Bank of Nova Scotia's price analysis, check to measure Bank of Nova Scotia's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bank of Nova Scotia is operating at the current time. Most of Bank of Nova Scotia's value examination focuses on studying past and present price action to predict the probability of Bank of Nova Scotia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of Nova Scotia's price. Additionally, you may evaluate how the addition of Bank of Nova Scotia to your portfolios can decrease your overall portfolio volatility.
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The data published in Bank of Nova Scotia's official financial statements usually reflect Bank of Nova Scotia's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Bank of Nova Scotia. For example, before you start analyzing numbers published by Bank accountants, it's critical to develop an understanding of what Bank of Nova Scotia's liquidity, profitability, and earnings quality are in the context of the Banks space in which it operates.
Please note, the presentation of Bank of Nova Scotia's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Bank of Nova Scotia's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Bank of Nova Scotia's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Bank Of Nova. Please utilize our Beneish M Score to check the likelihood of Bank of Nova Scotia's management manipulating its earnings.