Brookfield Renewable Partners (BEP) Stock Forecast & Price Target

$25.72 +0.02 (+0.08%)

(As of 11/26/2024 ET)

Brookfield Renewable Partners - Analysts' Recommendations 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.

Consensus Rating

Buy

Based on 8 Analyst Ratings

Sell
0

Hold
1

Buy
7

Based on 8 Wall Street analysts who have issued ratings for Brookfield Renewable Partners in the last 12 months, the stock has a consensus rating of "Buy." Out of the 8 analysts, 1 has given a hold rating, 6 have given a buy rating, and 1 has given a strong buy rating for BEP.

Consensus Price Target

$31.78
23.55% Upside

According to the 8 analysts' twelve-month price targets for Brookfield Renewable Partners, the average price target is $31.78. The highest price target for BEP is $34.00, while the lowest price target for BEP is $29.00. The average price target represents a forecasted upside of 23.55% from the current price of $25.72.

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BEP Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	2 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)	5 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	3 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	$31.78	$31.78	$31.82	$31.00
Forecasted Upside	23.55% Upside	14.68% Upside	27.07% Upside	26.17% Upside
Consensus Rating	Buy	Buy	Moderate Buy	Moderate Buy

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BEP 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.

BEP 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.

Brookfield Renewable Partners Stock vs. The Competition

Type	Brookfield Renewable Partners	Utilities Companies	S&P 500
Consensus Rating Score	3.00	2.50	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	25.16% Upside	21.14% Upside	6.42% Upside
News Sentiment Rating	Positive News See Recent BEP News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/22/2024	CIBC 3 of 5 stars		Boost Target	Outperformer ➝ Outperformer	$33.00 ➝ $34.00	+20.48%
10/17/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$31.00 ➝ $29.00	+3.13%
10/9/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$31.00 ➝ $31.00	+18.73%
9/30/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Grippin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$24.00 ➝ $31.00	+9.54%
7/19/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$32.00 ➝ $33.00	+36.36%
6/12/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Outperform ➝ Sector Outperform	$31.00 ➝ $32.00	+22.23%
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5/29/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$32.00 ➝ $34.00	+26.77%
5/6/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$28.00 ➝ $30.00	+12.70%
4/25/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Strong-Buy	$33.00 ➝ $32.00	+48.15%
10/25/2023	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$43.00 ➝ $39.00	+73.41%
9/22/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$35.00 ➝ $32.00	+25.69%
8/9/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$32.00 ➝ $27.00	+0.78%
6/13/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 05:35 PM ET.

BEP Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Brookfield Renewable Partners is $31.78, with a high forecast of $34.00 and a low forecast of $29.00.
: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Brookfield Renewable Partners in the last year. There is currently 1 hold rating, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" BEP shares.
: According to analysts, Brookfield Renewable Partners's stock has a predicted upside of 23.55% based on their 12-month stock forecasts.
: Over the previous 90 days, Brookfield Renewable Partners's stock had 1 upgrade by analysts.
: Brookfield Renewable Partners has been rated by research analysts at CIBC, JPMorgan Chase & Co., Royal Bank of Canada, and UBS Group in the past 90 days.
: Analysts like Brookfield Renewable Partners more than other "utilities" companies. The consensus rating for Brookfield Renewable Partners is Buy while the average consensus rating for "utilities" companies is Moderate Buy. Learn more on how BEP compares to other companies.

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This page (NYSE:BEP) was last updated on 11/26/2024 by MarketBeat.com Staff

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Brookfield Renewable Partners (BEP) Stock Forecast & Price Target