Boralex Inc. (TSE:BLX – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$32.71 and traded as high as C$33.70. Boralex shares last traded at C$33.47, with a volume of 195,964 shares.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. Cormark boosted their price objective on shares of Boralex from C$45.00 to C$47.00 in a report on Thursday, August 15th. Raymond James boosted their price target on Boralex from C$38.00 to C$41.00 in a research note on Thursday, August 15th. Cibc World Mkts raised Boralex to a “strong-buy” rating in a report on Monday, July 22nd. Royal Bank of Canada lifted their target price on Boralex from C$36.00 to C$38.00 in a report on Thursday, August 15th. Finally, CIBC upped their target price on Boralex from C$41.00 to C$42.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$43.50.
Read Our Latest Stock Analysis on BLX
Boralex Stock Up 0.2 %
Boralex (TSE:BLX – Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The company reported C$0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.04 by C$0.06. The company had revenue of C$180.00 million during the quarter, compared to the consensus estimate of C$211.65 million. Boralex had a return on equity of 6.69% and a net margin of 9.91%. Equities research analysts expect that Boralex Inc. will post 1.3383764 EPS for the current fiscal year.
Boralex Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Friday, August 30th were given a dividend of $0.165 per share. The ex-dividend date was Friday, August 30th. This represents a $0.66 annualized dividend and a yield of 1.97%. Boralex’s dividend payout ratio is presently 70.97%.
Boralex Company Profile
Boralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities in Canada, France, the United States, and the United Kingdom. It generates electricity from wind, solar, and hydroelectric resources. As of December 31, 2023, the company operates 100 wind farms; 12 solar energy facilities; 15 hydroelectric power stations; and 2 storage units with an installed capacity of 1,819 megawatts (MW) in North America and 1,259 MW in Europe.
See Also
- Five stocks we like better than Boralex
- What to Know About Investing in Penny Stocks
- Microsoft Can Hit New All-Time Highs This Year – Here’s Why
- What is a Stock Market Index and How Do You Use Them?
- Zillow Stock’s Bull Case: Why This Recent Sell-Off Could Be a Buy
- How to Evaluate a Stock Before Buying
- IonQ’s Quantum Surge: Ride the Wave or Cash Out?
Receive News & Ratings for Boralex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boralex and related companies with MarketBeat.com's FREE daily email newsletter.