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TSE:BLX - Boralex Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$47.55
  • Forecasted Upside: 26.86 %
  • Number of Analysts: 10
  • Breakdown:
  • 0 Sell Ratings
  • 5 Hold Ratings
  • 5 Buy Ratings
  • 0 Strong Buy Ratings
C$37.48 As of 06/24/2021 01:00 AM ET
▼ -0.88 (-2.29%)

This chart shows the closing price for BLX by one month, three months, or twelve months.

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Analyst Price Target for BLX

Analyst Price Target is C$47.55
▲ +26.86% Upside Potential
This price target is based on 10 analysts offering 12 month price targets for Boralex in the last 3 months. The average price target is C$47.55, with a high forecast of C$60.00 and a low forecast of C$41.00. The average price target represents a 26.86% upside from the last price of C$37.48.

This chart shows the closing price for BLX for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 10 investment analysts is to buy stock in Boralex. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart

  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
12/31/2019
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
3/30/2020
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
6/28/2020
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
9/26/2020
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
12/25/2020
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
3/25/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
5/24/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
6/23/2021

Latest Recommendations

  • 0 strong buy ratings
  • 5 buy ratings
  • 5 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
6/18/2021Credit Suisse GroupReiterated RatingNeutralC$43.00
6/18/2021CSFBSet Price TargetNeutralC$43.00
6/18/2021Raymond JamesReiterated RatingOutperformC$60.00
6/18/2021CIBCBoost Price TargetOutperformC$47.00
6/16/2021Tudor PickeringReiterated RatingHoldC$41.00
6/16/2021Tudor Pickering & HoltSet Price TargetHoldC$41.00
5/25/2021CSFBLower Price TargetC$48.00 ➝ C$43.00
5/25/2021Credit Suisse GroupLower Price TargetNeutralC$43.00
5/11/2021Credit Suisse GroupLower Price TargetNeutralC$48.00
5/11/2021CSFBLower Price TargetC$52.00 ➝ C$48.00
5/7/2021CIBCLower Price TargetC$48.00 ➝ C$47.00
5/6/2021Raymond JamesReiterated RatingOutperformC$60.00
5/6/2021TD SecuritiesLower Price TargetBuyC$55.00 ➝ C$50.00
5/6/2021Royal Bank of CanadaLower Price TargetSector PerformC$50.00 ➝ C$45.00
5/5/2021CIBCReiterated RatingOutperformC$48.00
4/28/2021ScotiabankLower Price TargetC$59.00 ➝ C$55.00
4/28/2021Raymond JamesLower Price TargetOutperformC$65.00 ➝ C$60.00
4/20/2021Credit Suisse GroupBoost Price TargetNeutralC$52.00
4/20/2021CIBCBoost Price TargetOutperformC$47.00 ➝ C$48.00
4/20/2021CSFBBoost Price TargetC$51.00 ➝ C$52.00
3/15/2021CIBCLower Price TargetNAC$48.00 ➝ C$47.00
2/26/2021National Bank FinancialUpgradeSector Perform ➝ OutperformC$54.00 ➝ C$50.00
2/26/2021TD SecuritiesLower Price TargetBuyC$59.00 ➝ C$55.00
2/26/2021Raymond JamesReiterated RatingOutperformC$65.00
2/26/2021Royal Bank of CanadaLower Price TargetSector PerformC$60.00 ➝ C$50.00
2/26/2021BMO Capital MarketsLower Price TargetC$55.00 ➝ C$48.00
2/26/2021CIBCLower Price TargetNeutral ➝ OutperformC$55.00 ➝ C$48.00
1/27/2021Raymond JamesDowngradeStrong-Buy ➝ OutperformC$46.50 ➝ C$65.00
1/20/2021Credit Suisse GroupBoost Price TargetC$45.00 ➝ C$51.00
1/20/2021CSFBBoost Price TargetC$45.00 ➝ C$51.00
1/20/2021National Bank FinancialDowngradeOutperform ➝ Sector PerformC$50.00 ➝ C$54.00
1/14/2021CIBCReiterated RatingStrong-Buy
1/13/2021CIBCBoost Price TargetC$43.00 ➝ C$55.00
12/1/2020CSFBSet Price TargetNeutralC$45.00
12/1/2020Credit Suisse GroupInitiated CoverageNeutralC$45.00
12/1/2020National Bank FinancialBoost Price TargetOutperformC$42.00 ➝ C$43.00
11/25/2020National Bank FinancialBoost Price TargetOutperformC$42.00 ➝ C$43.00
11/24/2020BMO Capital MarketsBoost Price TargetC$41.00 ➝ C$43.00
11/24/2020Royal Bank of CanadaBoost Price TargetSector PerformC$40.00 ➝ C$42.00
11/23/2020Raymond JamesBoost Price TargetStrong-BuyC$45.00 ➝ C$45.50
11/23/2020ScotiabankBoost Price TargetC$44.50 ➝ C$46.25
11/12/2020Raymond JamesSet Price TargetStrong-BuyC$45.00
11/12/2020BMO Capital MarketsBoost Price TargetC$35.00 ➝ C$39.00
11/12/2020Royal Bank of CanadaBoost Price TargetSector PerformC$35.00 ➝ C$40.00
10/28/2020Raymond JamesBoost Price TargetStrong-BuyC$40.00 ➝ C$45.00
10/16/2020ScotiabankBoost Price TargetC$38.75 ➝ C$44.50
10/15/2020CIBCBoost Price TargetC$36.00 ➝ C$43.00
10/8/2020National Bank FinancialBoost Price TargetOutperformC$39.00 ➝ C$42.00
10/2/2020National Bank FinancialBoost Price TargetOutperformC$39.00 ➝ C$42.00
9/6/2020National Bank FinancialSet Price TargetOutperformC$39.00
8/31/2020BMO Capital MarketsReiterated RatingOutperformC$35.00
8/31/2020TD SecuritiesReiterated RatingBuyC$40.00
8/31/2020National Bank FinancialReiterated RatingOutperformC$39.00
8/28/2020National Bank FinancialUpgradeSector Perform Market Weight ➝ Outperform Market Weight
8/11/2020ScotiabankBoost Price TargetC$35.50 ➝ C$39.00
8/10/2020Raymond JamesBoost Price TargetStrong-BuyC$37.00 ➝ C$40.00
8/10/2020BMO Capital MarketsBoost Price TargetC$32.00 ➝ C$35.00
8/10/2020CIBCBoost Price TargetC$35.00 ➝ C$36.00
8/10/2020National Bank FinancialBoost Price TargetSector PerformC$37.00 ➝ C$38.00
8/10/2020Royal Bank of CanadaBoost Price TargetC$33.00 ➝ C$35.00
7/29/2020Raymond JamesBoost Price TargetStrong-BuyC$34.00 ➝ C$37.00
7/22/2020National Bank FinancialDowngradeOutperform ➝ Sector PerformC$34.00 ➝ C$37.00
7/21/2020CIBCBoost Price TargetC$30.00 ➝ C$35.00
6/4/2020National Bank FinancialBoost Price TargetOutperformC$32.50 ➝ C$34.00
5/27/2020Raymond JamesSet Price TargetStrong-BuyC$34.00
5/7/2020TD SecuritiesBoost Price TargetBuyC$33.00 ➝ C$34.00
5/7/2020Raymond JamesBoost Price TargetStrong-BuyC$32.00 ➝ C$34.00
5/7/2020National Bank FinancialBoost Price TargetOutperformC$30.00 ➝ C$32.50
5/7/2020Royal Bank of CanadaBoost Price TargetSector PerformC$28.00 ➝ C$33.00
4/30/2020National Bank FinancialBoost Price TargetOutperformC$28.50 ➝ C$30.00
4/23/2020CIBCBoost Price TargetC$28.00 ➝ C$30.00
3/25/2020Raymond JamesUpgradeOutperform ➝ Strong-BuyC$32.00
3/20/2020CIBCDowngradeOutperform ➝ NeutralC$30.00 ➝ C$28.00
3/13/2020National Bank FinancialLower Price TargetOutperformC$32.00 ➝ C$28.50
3/3/2020TD SecuritiesBoost Price TargetBuyC$28.00 ➝ C$33.00
3/2/2020Raymond JamesBoost Price TargetOutperformC$30.00 ➝ C$32.00
3/2/2020BMO Capital MarketsBoost Price TargetC$28.00 ➝ C$29.00
3/2/2020Royal Bank of CanadaBoost Price TargetSector PerformC$23.00 ➝ C$31.00
3/2/2020CIBCBoost Price TargetC$28.00 ➝ C$30.00
2/13/2020National Bank FinancialBoost Price TargetOutperformC$27.00 ➝ C$32.00
1/30/2020CIBCBoost Price TargetC$27.00 ➝ C$28.00
1/15/2020CIBCBoost Price TargetC$26.50 ➝ C$27.00
11/29/2019National Bank FinancialBoost Price TargetOutperformC$26.00 ➝ C$27.00
11/29/2019CIBCBoost Price TargetC$25.00 ➝ C$26.50
11/8/2019Raymond JamesReiterated RatingOutperformC$26.00
11/8/2019National Bank FinancialBoost Price TargetOutperformC$25.00 ➝ C$26.00
11/8/2019TD SecuritiesBoost Price TargetBuyC$24.00 ➝ C$25.00
10/23/2019CIBCBoost Price TargetC$24.00 ➝ C$25.00
9/9/2019BMO Capital MarketsBoost Price TargetC$23.00 ➝ C$26.00
8/9/2019Raymond JamesReiterated RatingOutperformC$26.00
7/26/2019Raymond JamesBoost Price TargetC$25.00 ➝ C$26.00
7/17/2019TD SecuritiesBoost Price TargetC$22.00 ➝ C$24.00
6/26/2019BMO Capital MarketsBoost Price TargetC$22.00 ➝ C$23.00
6/20/2019Raymond JamesReiterated RatingOutperformC$25.00
6/20/2019BMO Capital MarketsReiterated RatingOutperformC$22.00
6/19/2019CIBCBoost Price TargetC$23.50 ➝ C$24.00
5/9/2019Raymond JamesReiterated RatingOutperformC$25.00
5/9/2019TD SecuritiesBoost Price TargetBuyC$21.00 ➝ C$22.00
5/9/2019CIBCBoost Price TargetC$23.00 ➝ C$23.50
4/23/2019Raymond JamesDowngradeStrong-Buy ➝ Outperform
3/19/2019National Bank FinancialBoost Price TargetOutperformC$24.00 ➝ C$25.00
3/4/2019Raymond JamesReiterated RatingStrong-BuyC$25.00
3/4/2019BMO Capital MarketsLower Price TargetOutperformC$24.00 ➝ C$22.00
2/19/2019National Bank FinancialBoost Price TargetOutperformC$23.50 ➝ C$24.00
1/15/2019CIBCLower Price TargetC$24.00 ➝ C$23.00
1/9/2019National Bank FinancialLower Price TargetC$25.50 ➝ C$23.50
11/12/2018CIBCLower Price TargetC$24.50 ➝ C$24.00
11/12/2018Royal Bank of CanadaLower Price TargetOutperformC$24.00 ➝ C$22.00
11/12/2018TD SecuritiesLower Price TargetC$22.00 ➝ C$21.00
11/6/2018BMO Capital MarketsLower Price TargetC$26.00 ➝ C$24.00
10/9/2018Industrial Alliance SecuritiesUpgradeBuy ➝ Strong-BuyC$26.00 ➝ C$22.00
10/5/2018National Bank FinancialLower Price TargetC$25.50 ➝ C$23.50
9/11/2018BMO Capital MarketsBoost Price TargetC$24.50 ➝ C$26.00
8/13/2018Raymond JamesLower Price TargetStrong-BuyC$28.50 ➝ C$25.00
8/13/2018BMO Capital MarketsLower Price TargetC$25.50 ➝ C$24.50
8/13/2018TD SecuritiesLower Price TargetBuyC$26.00 ➝ C$25.00
7/27/2018National Bank FinancialLower Price TargetOutperformC$27.00 ➝ C$25.50
7/12/2018TD SecuritiesLower Price TargetBuyC$27.00 ➝ C$26.00
7/11/2018National Bank FinancialReiterated RatingOutperformC$27.00
5/10/2018TD SecuritiesBoost Price TargetC$26.00 ➝ C$27.00
4/23/2018National Bank FinancialBoost Price TargetOutperformC$26.00 ➝ C$27.00
4/23/2018BMO Capital MarketsReiterated RatingOutperformC$25.50
4/23/2018DesjardinsBoost Price TargetC$25.50 ➝ C$26.00
2/7/2018National Bank FinancialLower Price TargetOutperformC$27.00 ➝ C$26.00
1/26/2018Industrial Alliance SecuritiesDowngradeBuy ➝ HoldC$25.00
1/24/2018National Bank FinancialBoost Price TargetOutperformC$26.00 ➝ C$27.00
1/11/2018Canaccord GenuityBoost Price TargetC$25.00 ➝ C$26.00
11/30/2017National Bank FinancialBoost Price TargetC$24.00 ➝ C$26.00
11/13/2017TD SecuritiesBoost Price TargetC$25.00 ➝ C$26.00
11/13/2017CIBCBoost Price TargetC$24.50 ➝ C$25.00
10/24/2017Raymond JamesBoost Price TargetC$24.50 ➝ C$26.00
10/19/2017BMO Capital MarketsReiterated RatingOutperformC$25.50
9/8/2017BMO Capital MarketsBoost Price TargetC$24.50 ➝ C$25.00
8/17/2017CIBCLower Price TargetC$25.00 ➝ C$24.50
8/10/2017CIBCLower Price TargetC$25.00 ➝ C$24.50
7/24/2017CIBCBoost Price TargetC$24.50 ➝ C$25.00
5/5/2017TD SecuritiesReiterated RatingBuyC$24.00
5/5/2017Royal Bank of CanadaBoost Price TargetOutperformC$23.00 ➝ C$24.00
3/6/2017TD SecuritiesBoost Price TargetBuyC$22.00 ➝ C$24.00
3/6/2017DesjardinsBoost Price TargetC$23.50 ➝ C$24.00
2/6/2017Royal Bank of CanadaReiterated RatingOutperformC$23.00
1/4/2017Raymond JamesBoost Price TargetOutperformC$23.25 ➝ C$24.50
12/28/2016TD SecuritiesUpgradeHold ➝ BuyC$21.00 ➝ C$22.00
11/10/2016National Bank FinancialBoost Price TargetOutperformC$22.50 ➝ C$23.50
11/10/2016DesjardinsBoost Price TargetBuyC$22.50 ➝ C$23.00
11/10/2016TD SecuritiesReiterated RatingHoldC$21.00
10/31/2016AltaCorp CapitalReiterated RatingOutperform
9/19/2016Raymond JamesBoost Price TargetOutperformC$23.00 ➝ C$23.25
9/7/2016CIBCReiterated RatingOutperformC$22.50
8/8/2016Royal Bank of CanadaBoost Price TargetSector PerformC$19.00 ➝ C$21.00
8/5/2016TD SecuritiesBoost Price TargetHoldC$20.00 ➝ C$21.00
8/5/2016Royal Bank of CanadaBoost Price TargetSector PerformC$19.00 ➝ C$21.00
7/21/2016Raymond JamesBoost Price TargetC$21.00 ➝ C$23.00
7/19/2016TD SecuritiesDowngradeBuy ➝ HoldC$20.00
7/13/2016National Bank FinancialBoost Price TargetC$21.00 ➝ C$22.50
7/12/2016DesjardinsReiterated RatingBuyC$22.00
7/7/2016BMO Capital MarketsBoost Price TargetC$21.00 ➝ C$22.00
6/29/2016National Bank FinancialBoost Price TargetOutperformC$20.00 ➝ C$21.00
(Data available from 6/24/2016 forward)
Boralex logo
Boralex Inc., together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities primarily in Canada, France, the United Kingdom, and the United States. As of December 31, 2020, the company had interests in 88 wind power stations with an installed capacity of 2,002 megawatts (MW); 16 hydroelectric power stations with a capacity of 181 MW; two thermal power stations with an installed capacity of 47 MW; and 10 solar power stations with an installed capacity of 225 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.
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Today's Range

Now: C$37.48
Low: C$37.38
High: C$38.73

50 Day Range

MA: C$38.33
Low: C$34.65
High: C$43.56

52 Week Range

Now: C$37.48
Low: C$29.03
High: C$56.70

Volume

302,025 shs

Average Volume

668,620 shs

Market Capitalization

C$3.85 billion

P/E Ratio

80.43

Dividend Yield

1.71%

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of Boralex?

The following Wall Street research analysts have issued research reports on Boralex in the last twelve months: BMO Capital Markets, CIBC, Credit Suisse Group AG, CSFB, National Bank Financial, Raymond James, Royal Bank of Canada, Scotiabank, TD Securities, Tudor Pickering, and Tudor Pickering & Holt.
View the latest analyst ratings for BLX.

What is the current price target for Boralex?

11 Wall Street analysts have set twelve-month price targets for Boralex in the last year. Their average twelve-month price target is C$47.55, suggesting a possible upside of 27.0%. Raymond James has the highest price target set, predicting BLX will reach C$60.00 in the next twelve months. Tudor Pickering has the lowest price target set, forecasting a price of C$41.00 for Boralex in the next year.
View the latest price targets for BLX.

What is the current consensus analyst rating for Boralex?

Boralex currently has 5 hold ratings and 5 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.
View the latest ratings for BLX.

What other companies compete with Boralex?

Other companies that are similar to Boralex include Brookfield Renewable Partners, Algonquin Power & Utilities, Uniper, Northland Power, TransAlta Renewables, Innergex Renewable Energy, TransAlta, Cryptology Asset Group, Drax Group, ContourGlobal, Polaris Infrastructure, PowerHouse Energy Group, Spark Power Group, Aggregated Micro Power and Green & Smart.

How do I contact Boralex's investor relations team?

Boralex'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 is www.boralex.com.