TSX:HR.UN Stock Forecast

Stock Price Forecast

According to 7 analysts polled by S&P Global, TSX:HR.UN stock has a consensus rating of "Buy" and an average price target of $11.75. The average 1-year stock price forecast is 5.76% higher than the current stock price, while the lowest is $10.50 (-5.49%) and the highest is $13.00 (+17.01%).

Price Target: $11.75 (+5.76%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$10.50	$11.75	$11.75	$13.00
Change	-5.49%	+5.76%	+5.76%	+17.01%

* Price targets were last updated on May 19, 2026.

Analyst Ratings

The average analyst rating for TSX:HR.UN stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Apr '26	May '26	Jun '26
Strong Buy	2	2	3	3	3	3
Buy	1	1	2	2	2	2
Hold	3	3	2	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	6	6	7	7	7	7

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Mario Saric Scotiabank	Scotiabank	Hold Maintains $12.00 → $11.75	Hold	Maintains	$12.00 → $11.75	+5.76%	May 19, 2026
Tom Callaghan BMO Capital	BMO Capital	Buy Maintains $11.50	Buy	Maintains	$11.50	+3.51%	May 19, 2026
Tal Woolley CIBC	CIBC	Buy Reiterates $12.00	Buy	Reiterates	$12.00	+8.01%	May 19, 2026
Sam Damiani TD Cowen	TD Cowen	Buy Maintains $11.50	Buy	Maintains	$11.50	+3.51%	May 15, 2026
Jimmy Shan RBC Capital	RBC Capital	Buy Maintains $13.00	Buy	Maintains	$13.00	+17.01%	May 15, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

746.69M

from 879.51M

-15.10%

from 879.51M

Revenue Next Year

751.92M

from 746.69M

0.70%

from 746.69M

EPS This Year

n/a

from -

EPS Next Year

n/a

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	1.10B	886.42M	903.63M	876.36M	879.51M	746.69M
Revenue Growth	-3.63%	-19.23%	1.94%	-3.02%	0.36%	-15.10%
Net Income	597.91M	844.82M	61.69M	-119.71M	-791.56M	171.29M
Dividend / Share	0.69	0.54	0.60	0.60	0.60	0.60
Dividend Growth	-	-21.74%	11.11%	-	-	-0.42%
Free Cash Flow	564.85M	-104.86M	169.90M	597.80M	-941.84M	-476.00M
FFO	461.37M	341.18M	373.35M	334.43M	339.28M	260.39M
FFO / Share	1.53	-	-	-	-	0.95
P/FFO	6.26	-	-	-	-	11.75
No. Analysts	-	-	-	-	-	3

Financial currency is CAD.

Revenue Forecast

Revenue	2026	2027
High	784.0M
Avg	746.7M
Low	679.1M

Revenue Growth

Revenue Growth	2026	2027
High	-10.9%
Avg	-15.1%
Low	-22.8%

EPS Forecast

EPS	2026	2027
High	-
Avg	-
Low	-

EPS Growth

EPS Growth	2027
High	-
Avg	-
Low	-