Boralex (TSE:BLX – Get Free Report) had its target price hoisted by investment analysts at Desjardins from C$44.00 to C$46.00 in a research note issued on Friday, BayStreet.CA reports. The brokerage currently has a “top pick” rating on the stock. Desjardins’ price target indicates a potential upside of 38.60% from the stock’s current price.
Several other analysts also recently commented on BLX. Raymond James reduced their target price on shares of Boralex from C$40.00 to C$38.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. BMO Capital Markets increased their target price on Boralex to C$37.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. National Bankshares lifted their price target on Boralex from C$41.00 to C$43.00 and gave the stock an “outperform” rating in a report on Tuesday, May 28th. CIBC upped their price objective on Boralex from C$39.00 to C$41.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Finally, Scotiabank boosted their price objective on shares of Boralex from C$38.00 to C$42.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Boralex has an average rating of “Buy” and an average price target of C$41.22.
Check Out Our Latest Research Report on Boralex
Boralex Trading Up 0.4 %
Boralex (TSE:BLX – Get Free Report) last posted its earnings results on Wednesday, May 15th. The company reported C$0.53 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.48 by C$0.05. Boralex had a return on equity of 6.87% and a net margin of 10.14%. The business had revenue of C$291.00 million for the quarter, compared to analyst estimates of C$296.40 million. Analysts expect that Boralex will post 1.0561014 earnings per share for the current year.
About Boralex
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.
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