Boralex (BLX) Stock Forecast & Price Target

C$31.78

+0.31 (+0.99%)

(As of 12/4/2023 ET)

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Today's Range: C$31.34
▼
C$32.07
50-Day Range: C$25.73
▼
C$31.47
52-Week Range: C$25.40
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C$43.43

Volume: 255,637 shs
Average Volume: 279,445 shs
Market Capitalization: C$3.27 billion

P/E Ratio: 44.76
Dividend Yield: 2.08%
Price Target: C$42.85

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

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

Moderate Buy
Based on 8 Analyst Ratings

Analysts' Consensus Price Target

C$42.85
34.83% Upside

High Forecast	C$57.50
Average Forecast	C$42.85
Low Forecast	C$36.00

Type	Current Forecast 12/5/22 to 12/5/23	1 Month Ago 11/5/22 to 11/5/23	3 Months Ago 9/6/22 to 9/6/23	1 Year Ago 12/5/21 to 12/5/22
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$42.85	C$42.59	C$46.82	C$44.58
Predicted Upside	34.83% Upside	42.51% Upside	28.15% Upside	20.29% 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	2.88	2.41
Consensus Rating	Moderate Buy	Hold
News Sentiment Rating	Positive News	Neutral News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
11/10/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	C$40.00 ➝ C$36.00	+25.57%
11/10/2023	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	C$38.00 ➝ C$39.00	+36.03%
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%
10/25/2023	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	C$45.00 ➝ C$40.00	+53.96%
10/19/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	C$43.00 ➝ C$39.00	+45.58%
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%
12/30/2022	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$55.00 ➝ C$57.50	+39.23%
12/30/2022	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$50.00 ➝ C$53.00	+28.33%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 01:38 AM 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 Moderate Buy based on the current 1 hold rating and 7 buy ratings for BLX. The average twelve-month price prediction for Boralex is C$42.85 with a high price target of C$57.50 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 Moderate 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 45.08% based on their 12-month stock forecasts.

What analysts cover Boralex?: Boralex has been rated by BMO Capital Markets, CIBC, Desjardins, National Bankshares, Raymond James, Royal Bank of Canada, and TD Securities in the past 90 days.

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This page (TSE:BLX) was last updated on 12/5/2023 by MarketBeat.com Staff

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