Analyst Ratings Coverage
TD Securities (Rank#13) issued a research report on Ballard Power, maintaining the “Hold” Rating on the stock, and lowering the 12 month target forecast to $5.50 from $6.70 per share.
BLDP Stock Analysis
The analysis of 7 different financial analysts, provides key insights into the future performance of the company’s stock.
Average Analyst Target Price: The average analyst target price for Ballard Power Systems Inc is CAD 6.75 over the next 12 months. This target price represents the consensus among analysts regarding where they believe the stock’s value will be in the coming year. In this case, it suggests an optimistic outlook for the company’s stock.
Average Analyst Rating: The average analyst rating for Ballard Power Systems Inc is “Buy.” This indicates that, on average, analysts recommend buying the stock. A “Buy” rating is generally considered positive and suggests that analysts see potential for growth and value in the stock.
Stock Target Advisor’s Analysis: Stock Target Advisor’s own analysis of Ballard Power Systems Inc is labeled as “Slightly Bearish.” This analysis considers a combination of signals, both positive and negative, to provide an overall assessment of the stock’s outlook.
3 Positive Signals: These signals likely indicate some positive aspects of the stock. However, the details of these signals are not provided in the snippet, so it’s unclear what specific factors are contributing to the slightly bearish outlook.
5 Negative Signals: The presence of more negative signals suggests concerns or challenges that may be affecting the stock’s performance. Again, the snippet doesn’t provide details on these negative signals.
Recent Stock Performance: As of the last closing, Ballard Power Systems Inc’s stock price was CAD 4.86. It’s important to note that the stock’s price is dynamic and can fluctuate frequently due to market conditions and investor sentiment.
The stock’s price changes over various time frames:
+10.20% over the past week: This indicates that the stock has seen a significant increase in price over the most recent week. It suggests short-term positive momentum.
-0.61% over the past month: While there was a weekly increase, the stock has slightly decreased in value over the past month.
-32.78% over the last year: Over the past year, the stock has experienced a substantial decrease in value. This long-term performance may be a cause for concern.
Final Stock Analysis
In summary, the stock forecast for Ballard Power Systems Inc is generally positive, with analysts giving it a “Buy” rating and a target price of CAD 6.75 for the next year. However, Stock Target Advisor’s analysis provides a slightly bearish outlook, which could be attributed to specific signals that indicate areas of concern. The stock’s recent performance shows some short-term positive momentum, but it has declined significantly over the past year. Investors should consider these factors and conduct further research before making investment decisions.
