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Boralex (BLX) Stock Forecast & Price Target

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C$29.21 +0.18 (+0.62%)
(As of 12/24/2024 01:21 PM ET)

Boralex - Analysts' Recommendations and Stock Price Forecast (2025)

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.

Consensus Rating

Sell
0
Hold
0
Buy
7

Based on 7 Wall Street analysts who have issued ratings for Boralex in the last 12 months, the stock has a consensus rating of "Buy." Out of the 7 analysts, 5 have given a buy rating, and 2 have given a strong buy rating for BLX.

Consensus Price Target

C$43.38
48.49% Upside
According to the 7 analysts' twelve-month price targets for Boralex, the average price target is C$43.38. The highest price target for BLX is C$47.00, while the lowest price target for BLX is C$38.00. The average price target represents a forecasted upside of 48.49% from the current price of C$29.21.
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BLX Analyst Ratings Over Time

TypeCurrent Forecast
12/27/23 to 12/26/24
1 Month Ago
11/27/23 to 11/26/24
3 Months Ago
9/28/23 to 9/27/24
1 Year Ago
12/27/22 to 12/27/23
Strong Buy
2 Strong Buy rating(s)
2 Strong Buy rating(s)
2 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
6 Buy rating(s)
6 Buy rating(s)
Hold
0 Hold rating(s)
0 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$43.38C$43.38C$43.22C$43.35
Forecasted Upside48.49% Upside46.39% Upside20.06% Upside30.73% Upside
Consensus Rating
Buy
Buy
Buy
Buy

BLX Analyst Recommendations 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.
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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.
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Boralex Stock vs. The Competition

TypeBoralexUtilities Companies
Consensus Rating Score
3.29
2.53
Consensus RatingBuyModerate Buy
News Sentiment Rating
Neutral News

See Recent BLX News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/15/2024BMO Capital Markets
4 of 5 stars
 Lower TargetC$46.00 ➝ C$45.00+41.69%
11/15/2024CIBC
3 of 5 stars
 Lower TargetC$43.00 ➝ C$42.00+32.24%
8/15/2024Cormark
3 of 5 stars
 Boost TargetC$45.00 ➝ C$47.00+35.41%
8/15/2024Raymond James
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 Boost TargetC$38.00 ➝ C$41.00+18.12%
8/15/2024Royal Bank of Canada
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 Boost TargetC$36.00 ➝ C$38.00+9.48%
7/22/2024Cibc World Mkts
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M. Jarvi
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UpgradeStrong-Buy
7/8/2024National Bankshares
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 Boost TargetC$43.00 ➝ C$46.00+34.39%
6/21/2024Desjardins
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 Boost TargetTop PickC$44.00 ➝ C$46.00+37.52%
6/12/2024Scotiabank
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R. Hope
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Boost TargetOutperformC$38.00 ➝ C$42.00+19.73%
10/18/2023TD Securities
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 Lower TargetBuyC$46.00 ➝ C$41.00+51.24%
8/22/2023CSFB
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 Boost TargetOutperformC$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 Thursday at 04:42 AM ET.


BLX Forecast - Frequently Asked Questions

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Boralex is C$43.38, with a high forecast of C$47.00 and a low forecast of C$38.00.

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Boralex in the last twelve months. There are currently 5 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BLX shares.

According to analysts, Boralex's stock has a predicted upside of 48.49% based on their 12-month stock forecasts.

Boralex has been rated by research analysts at BMO Capital Markets, and CIBC in the past 90 days.

Analysts like Boralex more than other "utilities" companies. The consensus rating for Boralex is Buy while the average consensus rating for "utilities" companies is Moderate Buy. Learn more on how BLX compares to other companies.


This page (TSE:BLX) was last updated on 12/26/2024 by MarketBeat.com Staff
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