GFL Environmental shares fell 14% after the board rejected buyout bids.
The company said its board had completed a review of unsolicited proposals and unanimously reaffirmed its plan to remain public. The decision came as shares dropped sharply.
Investor takeaway: The board rejected the proposals and reaffirmed its plan to remain public. Shares closed at C$60.15, with trading volume more than four times the 20-day average.
Gfl Environmental Holdings Inc
GFL.TO
GFL.TO
Gfl Environmental Holdings Inc
WealthAwesomeMarket cap
$23.39B
Div. yield
0.10%
Div. / share
$0.06
52W high
$65.60
52W low
$46.08
1W change
-6.10%
Beta
0.47
Analyst Price Targets
Based on analyst covering GFL · as of Nov 9, 2026
Wall Street analysts forecast GFL stock price to rise 22.6% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$73.75
+22.6% Upside
Previously C$73.25 on Nov 2, 2026
Current Price
C$60.15
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on GFL's historical volatility
30-Day Vol
35.9%
Annualized
90-Day Vol
30.7%
Annualized
Trend (90d)
+14.3%
Annualized drift
90d Mean
C$63.31
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$61.19 | C$54.05 – C$69.26 |
| 60 trading days | C$62.24 | C$52.23 – C$74.17 |
| 90 trading days | C$63.31 | C$51.07 – C$78.48 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Trading volume reached 4.03 times its 20-day average
GFL Environmental traded 3,959,856 shares, compared with a 20-day average of 983,378.
Bull case
The board unanimously reaffirmed its plan to keep GFL Environmental public.
Bear case
Shares fell, and trading volume was more than four times the 20-day average.
Board completes review and reaffirms plan to remain public
GFL Environmental said its board had completed a review of unsolicited proposals and unanimously reaffirmed the company’s plan to remain public. The announcement followed reports that the board had rejected buyout bids, the catalyst cited in the company’s November 10 headline. Rather than accept a buyout, the board restated its direction. Investors can follow GFL.TO and related coverage on the GFL Environmental stock page.
Shares closed at C$60.15 as volume topped its recent average
GFL Environmental closed at C$60.15, down 7.19% for the day in the supplied performance figures. The headline reports a 14% decline, while the performance snapshot shows a one-day change of -7.19%. These figures come from separate supplied items. Trading volume reached 3,959,856 shares, or 4.03 times the 20-day average of 983,378.
The close was C$0.45 below the 50-day moving average of C$60.60 and C$3.45 above the 200-day average of C$56.70. The shares stood at 72% of their 52-week range of C$46.08 to C$65.60.
The board’s stated direction is the next point to follow
The board’s unanimous decision to reaffirm its plan to remain public was the outcome of its review. That position is the key point to watch in future company updates. The supplied figures show returns of -6.10% over one week, -1.49% over one month and +2.26% year to date. More information is available on the GFL.TO company page.
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