Boralex (TSE:BLX – Get Free Report) had its target price upped by research analysts at BMO Capital Markets from C$37.00 to C$39.00 in a research report issued on Thursday, BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 11.91% from the company’s current price.
A number of other equities analysts have also commented on BLX. Scotiabank lifted their price target on shares of Boralex from C$38.00 to C$42.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Desjardins lifted their price target on shares of Boralex from C$44.00 to C$46.00 and gave the stock a “top pick” rating in a research note on Friday, June 21st. Royal Bank of Canada lifted their price target on shares of Boralex from C$36.00 to C$38.00 in a research note on Thursday. Cormark upped their price target on Boralex from C$45.00 to C$47.00 in a research note on Thursday. Finally, National Bankshares boosted their price objective on shares of Boralex from C$43.00 to C$46.00 in a research note on Monday, July 8th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Boralex currently has an average rating of “Buy” and an average price target of C$42.90.
Read Our Latest Analysis on BLX
Boralex Stock Performance
Boralex (TSE:BLX – Get Free Report) last posted its quarterly earnings results on Wednesday, May 15th. The company reported C$0.53 EPS for the quarter, topping the consensus estimate of C$0.48 by C$0.05. The business had revenue of C$291.00 million during the quarter, compared to analysts’ expectations of C$296.40 million. Boralex had a net margin of 10.14% and a return on equity of 6.87%. As a group, analysts expect that Boralex will post 1.0561014 EPS for the current fiscal year.
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.
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