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TSE:BLX - Boralex Inc. (BLX.TO) Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$44.97
  • Forecasted Upside: -15.34 %
  • Number of Analysts: 8
  • Breakdown:
  • 0 Sell Ratings
  • 3 Hold Ratings
  • 3 Buy Ratings
  • 2 Strong Buy Ratings
C$53.12 As of 01/14/2021 01:00 AM ET
▼ -2.28 (-4.12%)
1 month | 3 months | 12 months
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Analyst Price Target for BLX

i We calculate 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 (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our 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. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
C$44.97
▼ -15.34% Downside Potential
This price target is based on 8 analysts offering 12 month price targets for Boralex Inc. (BLX.TO) in the last 3 months. The average price target is C$44.97, with a high forecast of C$55.00 and a low forecast of C$40.00. The average price target represents a -15.34% upside from the last price of C$53.12.
Buy
The current consensus among 8 polled investment analysts is to buy stock in Boralex Inc. (BLX.TO). This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

  • 2 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
7/24/2019
  • 1 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
10/22/2019
  • 1 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
1/20/2020
  • 2 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
4/19/2020
  • 2 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
7/18/2020
  • 2 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
10/16/2020
  • 2 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
12/15/2020
  • 2 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
1/14/2021

Latest Recommendations

  • 2 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 0 sell ratings

DateBrokerageActionRatingPrice TargetDetails
1/14/2021CIBCReiterated RatingStrong-Buy
i
1/13/2021CIBCBoost Price TargetC$43.00 ➝ C$55.00
i
12/1/2020CSFBSet Price TargetNeutralC$45.00
i
12/1/2020Credit Suisse GroupInitiated CoverageNeutralC$45.00
i
12/1/2020National Bank FinancialBoost Price TargetOutperformC$42.00 ➝ C$43.00
i
Rating by R. Merer at National Bank Financial
11/25/2020National Bank FinancialBoost Price TargetOutperformC$42.00 ➝ C$43.00
i
Rating by R. Merer at National Bank Financial
11/24/2020BMO Capital MarketsBoost Price TargetC$41.00 ➝ C$43.00
i
11/24/2020Royal Bank of CanadaBoost Price TargetSector PerformC$40.00 ➝ C$42.00
i
11/23/2020Raymond JamesBoost Price TargetStrong-BuyC$45.00 ➝ C$45.50
i
11/23/2020ScotiabankBoost Price TargetC$44.50 ➝ C$46.25
i
11/12/2020Raymond JamesSet Price TargetStrong-BuyC$45.00
i
11/12/2020BMO Capital MarketsBoost Price TargetC$35.00 ➝ C$39.00
i
11/12/2020Royal Bank of CanadaBoost Price TargetSector PerformC$35.00 ➝ C$40.00
i
10/28/2020Raymond JamesBoost Price TargetStrong-BuyC$40.00 ➝ C$45.00
i
10/16/2020ScotiabankBoost Price TargetC$38.75 ➝ C$44.50
i
10/15/2020CIBCBoost Price TargetC$36.00 ➝ C$43.00
i
10/8/2020National Bank FinancialBoost Price TargetOutperformC$39.00 ➝ C$42.00
i
Rating by R. Merer at National Bank Financial
10/2/2020National Bank FinancialBoost Price TargetOutperformC$39.00 ➝ C$42.00
i
Rating by R. Merer at National Bank Financial
9/6/2020National Bank FinancialSet Price TargetOutperformC$39.00
i
Rating by R. Merer at National Bank Financial
8/31/2020BMO Capital MarketsReiterated RatingOutperformC$35.00
i
8/31/2020TD SecuritiesReiterated RatingBuyC$40.00
i
8/31/2020National Bank FinancialReiterated RatingOutperformC$39.00
i
Rating by R. Merer at National Bank Financial
8/28/2020National Bank FinancialUpgradeSector Perform Market Weight ➝ Outperform Market Weight
i
Rating by R. Merer at National Bank Financial
8/11/2020ScotiabankBoost Price TargetC$35.50 ➝ C$39.00
i
8/10/2020Raymond JamesBoost Price TargetStrong-BuyC$37.00 ➝ C$40.00
i
8/10/2020BMO Capital MarketsBoost Price TargetC$32.00 ➝ C$35.00
i
8/10/2020CIBCBoost Price TargetC$35.00 ➝ C$36.00
i
8/10/2020National Bank FinancialBoost Price TargetSector PerformC$37.00 ➝ C$38.00
i
Rating by R. Merer at National Bank Financial
8/10/2020Royal Bank of CanadaBoost Price TargetC$33.00 ➝ C$35.00
i
7/29/2020Raymond JamesBoost Price TargetStrong-BuyC$34.00 ➝ C$37.00
i
7/22/2020National Bank FinancialDowngradeOutperform ➝ Sector PerformC$34.00 ➝ C$37.00
i
Rating by R. Merer at National Bank Financial
7/21/2020CIBCBoost Price TargetC$30.00 ➝ C$35.00
i
6/4/2020National Bank FinancialBoost Price TargetOutperformC$32.50 ➝ C$34.00
i
5/27/2020Raymond JamesSet Price TargetStrong-BuyC$34.00
i
5/7/2020TD SecuritiesBoost Price TargetBuyC$33.00 ➝ C$34.00
i
5/7/2020Raymond JamesBoost Price TargetStrong-BuyC$32.00 ➝ C$34.00
i
5/7/2020National Bank FinancialBoost Price TargetOutperformC$30.00 ➝ C$32.50
i
5/7/2020Royal Bank of CanadaBoost Price TargetSector PerformC$28.00 ➝ C$33.00
i
4/30/2020National Bank FinancialBoost Price TargetOutperformC$28.50 ➝ C$30.00
i
4/23/2020CIBCBoost Price TargetC$28.00 ➝ C$30.00
i
3/25/2020Raymond JamesUpgradeOutperform ➝ Strong-BuyC$32.00
i
3/20/2020CIBCDowngradeOutperform ➝ NeutralC$30.00 ➝ C$28.00
i
3/13/2020National Bank FinancialLower Price TargetOutperformC$32.00 ➝ C$28.50
i
3/3/2020TD SecuritiesBoost Price TargetBuyC$28.00 ➝ C$33.00
i
3/2/2020Raymond JamesBoost Price TargetOutperformC$30.00 ➝ C$32.00
i
3/2/2020BMO Capital MarketsBoost Price TargetC$28.00 ➝ C$29.00
i
3/2/2020Royal Bank of CanadaBoost Price TargetSector PerformC$23.00 ➝ C$31.00
i
3/2/2020CIBCBoost Price TargetC$28.00 ➝ C$30.00
i
2/13/2020National Bank FinancialBoost Price TargetOutperformC$27.00 ➝ C$32.00
i
1/30/2020CIBCBoost Price TargetC$27.00 ➝ C$28.00
i
1/15/2020CIBCBoost Price TargetC$26.50 ➝ C$27.00
i
11/29/2019National Bank FinancialBoost Price TargetOutperformC$26.00 ➝ C$27.00
i
11/29/2019CIBCBoost Price TargetC$25.00 ➝ C$26.50
i
11/8/2019Raymond JamesReiterated RatingOutperformC$26.00
i
11/8/2019National Bank FinancialBoost Price TargetOutperformC$25.00 ➝ C$26.00
i
11/8/2019TD SecuritiesBoost Price TargetBuyC$24.00 ➝ C$25.00
i
10/23/2019CIBCBoost Price TargetC$24.00 ➝ C$25.00
i
9/9/2019BMO Capital MarketsBoost Price TargetC$23.00 ➝ C$26.00
i
8/9/2019Raymond JamesReiterated RatingOutperformC$26.00
i
7/26/2019Raymond JamesBoost Price TargetC$25.00 ➝ C$26.00
i
7/17/2019TD SecuritiesBoost Price TargetC$22.00 ➝ C$24.00
i
6/26/2019BMO Capital MarketsBoost Price TargetC$22.00 ➝ C$23.00
i
6/20/2019Raymond JamesReiterated RatingOutperformC$25.00
i
6/20/2019BMO Capital MarketsReiterated RatingOutperformC$22.00
i
6/19/2019CIBCBoost Price TargetC$23.50 ➝ C$24.00
i
5/9/2019Raymond JamesReiterated RatingOutperformC$25.00
i
5/9/2019TD SecuritiesBoost Price TargetBuyC$21.00 ➝ C$22.00
i
5/9/2019CIBCBoost Price TargetC$23.00 ➝ C$23.50
i
4/23/2019Raymond JamesDowngradeStrong-Buy ➝ Outperform
i
3/19/2019National Bank FinancialBoost Price TargetOutperformC$24.00 ➝ C$25.00
i
3/4/2019Raymond JamesReiterated RatingStrong-BuyC$25.00
i
3/4/2019BMO Capital MarketsLower Price TargetOutperformC$24.00 ➝ C$22.00
i
2/19/2019National Bank FinancialBoost Price TargetOutperformC$23.50 ➝ C$24.00
i
1/15/2019CIBCLower Price TargetC$24.00 ➝ C$23.00
i
1/9/2019National Bank FinancialLower Price TargetC$25.50 ➝ C$23.50
i
11/12/2018CIBCLower Price TargetC$24.50 ➝ C$24.00
i
11/12/2018Royal Bank of CanadaLower Price TargetOutperformC$24.00 ➝ C$22.00
i
11/12/2018TD SecuritiesLower Price TargetC$22.00 ➝ C$21.00
i
11/6/2018BMO Capital MarketsLower Price TargetC$26.00 ➝ C$24.00
i
10/9/2018Industrial Alliance SecuritiesUpgradeBuy ➝ Strong-BuyC$26.00 ➝ C$22.00
i
10/5/2018National Bank FinancialLower Price TargetC$25.50 ➝ C$23.50
i
9/11/2018BMO Capital MarketsBoost Price TargetC$24.50 ➝ C$26.00
i
8/13/2018Raymond JamesLower Price TargetStrong-BuyC$28.50 ➝ C$25.00
i
8/13/2018BMO Capital MarketsLower Price TargetC$25.50 ➝ C$24.50
i
8/13/2018TD SecuritiesLower Price TargetBuyC$26.00 ➝ C$25.00
i
7/27/2018National Bank FinancialLower Price TargetOutperformC$27.00 ➝ C$25.50
i
7/12/2018TD SecuritiesLower Price TargetBuyC$27.00 ➝ C$26.00
i
7/11/2018National Bank FinancialReiterated RatingOutperformC$27.00
i
5/10/2018TD SecuritiesBoost Price TargetC$26.00 ➝ C$27.00
i
4/23/2018National Bank FinancialBoost Price TargetOutperformC$26.00 ➝ C$27.00
i
4/23/2018BMO Capital MarketsReiterated RatingOutperformC$25.50
i
4/23/2018DesjardinsBoost Price TargetC$25.50 ➝ C$26.00
i
2/7/2018National Bank FinancialLower Price TargetOutperformC$27.00 ➝ C$26.00
i
1/26/2018Industrial Alliance SecuritiesDowngradeBuy ➝ HoldC$25.00
i
1/24/2018National Bank FinancialBoost Price TargetOutperformC$26.00 ➝ C$27.00
i
1/11/2018Canaccord GenuityBoost Price TargetC$25.00 ➝ C$26.00
i
11/30/2017National Bank FinancialBoost Price TargetC$24.00 ➝ C$26.00
i
11/13/2017TD SecuritiesBoost Price TargetC$25.00 ➝ C$26.00
i
11/13/2017CIBCBoost Price TargetC$24.50 ➝ C$25.00
i
10/24/2017Raymond JamesBoost Price TargetC$24.50 ➝ C$26.00
i
10/19/2017BMO Capital MarketsReiterated RatingOutperformC$25.50
i
9/8/2017BMO Capital MarketsBoost Price TargetC$24.50 ➝ C$25.00
i
8/17/2017CIBCLower Price TargetC$25.00 ➝ C$24.50
i
8/10/2017CIBCLower Price TargetC$25.00 ➝ C$24.50
i
7/24/2017CIBCBoost Price TargetC$24.50 ➝ C$25.00
i
5/5/2017TD SecuritiesReiterated RatingBuyC$24.00
i
5/5/2017Royal Bank of CanadaBoost Price TargetOutperformC$23.00 ➝ C$24.00
i
3/6/2017TD SecuritiesBoost Price TargetBuyC$22.00 ➝ C$24.00
i
3/6/2017DesjardinsBoost Price TargetC$23.50 ➝ C$24.00
i
2/6/2017Royal Bank of CanadaReiterated RatingOutperformC$23.00
i
1/4/2017Raymond JamesBoost Price TargetOutperformC$23.25 ➝ C$24.50
i
12/28/2016TD SecuritiesUpgradeHold ➝ BuyC$21.00 ➝ C$22.00
i
11/10/2016National Bank FinancialBoost Price TargetOutperformC$22.50 ➝ C$23.50
i
11/10/2016DesjardinsBoost Price TargetBuyC$22.50 ➝ C$23.00
i
11/10/2016TD SecuritiesReiterated RatingHoldC$21.00
i
10/31/2016AltaCorp CapitalReiterated RatingOutperform
i
Rating by M. Westby at AltaCorp Capital
9/19/2016Raymond JamesBoost Price TargetOutperformC$23.00 ➝ C$23.25
i
9/7/2016CIBCReiterated RatingOutperformC$22.50
i
8/8/2016Royal Bank of CanadaBoost Price TargetSector PerformC$19.00 ➝ C$21.00
i
8/5/2016TD SecuritiesBoost Price TargetHoldC$20.00 ➝ C$21.00
i
8/5/2016Royal Bank of CanadaBoost Price TargetSector PerformC$19.00 ➝ C$21.00
i
7/21/2016Raymond JamesBoost Price TargetC$21.00 ➝ C$23.00
i
7/19/2016TD SecuritiesDowngradeBuy ➝ HoldC$20.00
i
7/13/2016National Bank FinancialBoost Price TargetC$21.00 ➝ C$22.50
i
7/12/2016DesjardinsReiterated RatingBuyC$22.00
i
7/7/2016BMO Capital MarketsBoost Price TargetC$21.00 ➝ C$22.00
i
6/29/2016National Bank FinancialBoost Price TargetOutperformC$20.00 ➝ C$21.00
i
5/12/2016TD SecuritiesBoost Price TargetBuyC$18.00 ➝ C$20.00
i
5/12/2016Royal Bank of CanadaBoost Price TargetSector PerformC$18.00 ➝ C$19.00
i
5/5/2016DesjardinsBoost Price TargetC$19.00 ➝ C$19.25
i
2/25/2016TD SecuritiesBoost Price TargetBuyC$17.00 ➝ C$18.00
i
2/25/2016Royal Bank of CanadaBoost Price TargetSector PerformC$16.00 ➝ C$18.00
i
2/25/2016BMO Capital MarketsBoost Price TargetOutperformC$19.00 ➝ C$20.00
i
2/3/2016BMO Capital MarketsBoost Price TargetC$18.00 ➝ C$19.00
i
(Data available from 1/15/2016 forward)
Boralex Inc. (BLX.TO) logo
Boralex Inc., together with its subsidiaries, develops, constructs, and operates renewable energy power facilities primarily in Canada, France, the United Kingdom, and the United States. As of December 31, 2019, the company had interests in 85 wind power stations with an installed capacity of 1,795 megawatts (MW); 16 hydroelectric power stations with a capacity of 182 MW; two thermal power stations with an installed capacity of 47 MW; and three solar power stations with an installed capacity of 16 MW. It also operates two hydroelectric power stations on behalf of R.S.P. Ãnergie Inc. Boralex Inc. was founded in 1982 and is headquartered in Kingsey Falls, Canada.
Read More

Today's Range

Now: C$53.12
C$52.36
C$55.68

50 Day Range

MA: C$44.41
C$38.23
C$55.59

52 Week Range

Now: C$53.12
C$17.91
C$56.70

Volume

673,318 shs

Average Volume

743,728 shs

Market Capitalization

C$5.45 billion

P/E Ratio

1,713.55

Dividend Yield

1.19%

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of Boralex Inc. (BLX.TO)?

The following Wall Street research analysts have issued research reports on Boralex Inc. (BLX.TO) in the last twelve months: BMO Capital Markets, CIBC, Credit Suisse Group AG, CSFB, National Bank Financial, Raymond James, Royal Bank of Canada, Scotiabank, and TD Securities.

What is the current price target for Boralex Inc. (BLX.TO)?

9 Wall Street analysts have set twelve-month price targets for Boralex Inc. (BLX.TO) in the last year. Their average twelve-month price target is C$44.97, suggesting a possible downside of 15.3%. CIBC has the highest price target set, predicting BLX will reach C$55.00 in the next twelve months. TD Securities has the lowest price target set, forecasting a price of C$40.00 for Boralex Inc. (BLX.TO) in the next year.

What is the current consensus analyst rating for Boralex Inc. (BLX.TO)?

Boralex Inc. (BLX.TO) currently has 3 hold ratings, 3 buy ratings and 2 strong buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe BLX will outperform the market and that investors should add to their positions of Boralex Inc. (BLX.TO).

What other companies compete with Boralex Inc. (BLX.TO)?

Other companies that are similar to Boralex Inc. (BLX.TO) include Brookfield Renewable Partners, Algonquin Power & Utilities Corp. (AQN.TO), Uniper SE (UN01.F), Northland Power Inc. (NPI.TO), TransAlta Renewables Inc. (RNW.TO), Innergex Renewable Energy Inc. (INE.TO), Encavis AG (CAP.F), TransAlta Co. (TA.TO), Drax Group plc (DRX.L), ContourGlobal plc (GLO.L), PowerHouse Energy Group Plc (PHE.L), Polaris Infrastructure Inc. (PIF.TO), Spark Power Group Inc. (SPG.TO), Aggregated Micro Power and Green & Smart.

How do I contact Boralex Inc. (BLX.TO)'s investor relations team?

Boralex Inc. (BLX.TO)'s physical mailing address is 36 Lajeunesse St, KINGSEY FALLS, QC J0A 1B0, Canada. The company's listed phone number is +1-819-3636363. The official website for Boralex Inc. (BLX.TO) is www.boralex.com.