Boralex (BLX) Stock Forecast & Price Target

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C$26.76

-0.32 (-1.18%)

(As of 04/19/2024 ET)

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Boralex Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Buy
Based on 8 Analyst Ratings

Analysts' Consensus Price Target

C$40.50
51.35% Upside

High Forecast	C$47.00
Average Forecast	C$40.50
Low Forecast	C$36.00

Type	Current Forecast 4/20/23 to 4/19/24	1 Month Ago 3/21/23 to 3/20/24	3 Months Ago 1/20/23 to 1/20/24	1 Year Ago 4/20/22 to 4/20/23
Consensus Rating	Buy	Buy	Buy	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	4 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$40.50	C$40.75	C$40.63	C$47.10
Predicted Upside	51.35% Upside	36.76% Upside	34.87% Upside	21.79% Upside

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BLX Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

BLX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Boralex Stock vs. The Competition

Type	Boralex	Utilities Companies
Consensus Rating Score	3.00	2.44
Consensus Rating	Buy	Hold
News Sentiment Rating	Neutral News	Neutral News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
4/19/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	C$40.00 ➝ C$38.00	+40.95%
3/4/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	C$37.00	+26.76%
1/29/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Top Pick	C$43.00 ➝ C$44.00	+36.94%
12/18/2023	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	C$38.00 ➝ C$41.00	+22.57%
10/26/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	C$49.00 ➝ C$40.00	+49.98%
10/18/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	C$46.00 ➝ C$41.00	+51.24%
Get the Latest News and Ratings for BLX and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Boralex and its competitors with MarketBeat's FREE daily newsletter.
10/16/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Perform	C$42.00 ➝ C$36.00	+31.87%
8/22/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	C$44.00 ➝ C$47.00	+41.01%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 11:38 PM ET.

BLX Price Target - Frequently Asked Questions

What is Boralex's consensus rating and price target?: According to the issued ratings of 8 analysts in the last year, the consensus rating for Boralex stock is Buy based on the current 1 hold rating, 6 buy ratings and 1 strong buy rating for BLX. The average twelve-month price prediction for Boralex is C$40.50 with a high price target of C$47.00 and a low price target of C$36.00. Learn more on BLX's analyst rating history.
Do Wall Street analysts like Boralex more than its competitors?: Analysts like Boralex more than other Utilities companies. The consensus rating for Boralex is Buy while the average consensus rating for utilities companies is Hold. Learn more on how BLX compares to other companies.
Does Boralex's stock price have much upside?: According to analysts, Boralex's stock has a predicted upside of 37.21% based on their 12-month stock forecasts.

What analysts cover Boralex?: Boralex has been rated by BMO Capital Markets, CIBC, and Desjardins in the past 90 days.

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This page (TSE:BLX) was last updated on 4/19/2024 by MarketBeat.com Staff

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Boralex (BLX) Stock Forecast & Price Target

Boralex Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

BLX Analyst Ratings By Month

BLX Price Targets by Month

Boralex Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

BLX Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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