Boralex (TSE:BLX – Get Free Report) had its target price lowered by stock analysts at Raymond James from C$40.00 to C$38.00 in a research report issued on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 40.12% from the stock’s current price.
Several other analysts also recently weighed in on BLX. BMO Capital Markets lifted their price objective on shares of Boralex to C$37.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. CIBC dropped their target price on shares of Boralex from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a report on Friday, April 19th. Finally, Desjardins boosted their target price on shares of Boralex from C$43.00 to C$44.00 and gave the stock a “top pick” rating in a report on Monday, January 29th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$40.25.
View Our Latest Analysis on BLX
Boralex Stock Down 1.6 %
Boralex (TSE:BLX – Get Free Report) last posted its quarterly earnings results on Friday, March 1st. The company reported C$0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.51 by C($0.15). Boralex had a return on equity of 5.68% and a net margin of 7.63%. The business had revenue of C$315.00 million during the quarter, compared to the consensus estimate of C$262.30 million. As a group, analysts forecast that Boralex will post 1.0599765 earnings per share 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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