Boralex (TSE:BLX) PT Lowered to C$50.00

Posted by on Jul 22nd, 2023

Boralex (TSE:BLX – Get Free Report) had its target price dropped by investment analysts at Desjardins from C$51.00 to C$50.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 41.56% from the company’s previous close.

BLX has been the subject of several other research reports. CSFB upgraded Boralex from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from C$45.00 to C$50.00 in a research note on Thursday, June 1st. National Bankshares lowered their target price on shares of Boralex from C$46.00 to C$44.00 in a report on Thursday, July 13th. Finally, CIBC lifted their price target on shares of Boralex from C$46.00 to C$48.00 in a research note on Friday, April 21st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$47.55.

Boralex Stock Down 0.5 %

Shares of TSE:BLX opened at C$35.32 on Thursday. Boralex has a fifty-two week low of C$33.96 and a fifty-two week high of C$51.55. The firm’s 50 day moving average price is C$36.85 and its 200 day moving average price is C$38.31. The stock has a market cap of C$3.63 billion, a price-to-earnings ratio of 160.55, a price-to-earnings-growth ratio of 1.07 and a beta of 0.35. The company has a quick ratio of 1.54, a current ratio of 1.01 and a debt-to-equity ratio of 180.92.

Boralex (TSE:BLX – Get Free Report) last posted its earnings results on Wednesday, May 10th. The company reported C$0.41 EPS for the quarter, missing the consensus estimate of C$0.44 by C($0.03). The business had revenue of C$298.00 million during the quarter, compared to analysts’ expectations of C$283.55 million. Boralex had a net margin of 2.53% and a return on equity of 0.35%. As a group, equities research analysts predict that Boralex will post 1.0659241 earnings per share for the current fiscal year.

Boralex Company Profile

(Get Free Report)

Boralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities primarily in Canada, France, the United States, and the United Kingdom. As of December 31, 2022, the company had interests in 90 wind farms with an installed capacity of 2,584 megawatts (MW); 16 hydroelectric power stations with a capacity of 181 MW; and 12 solar power stations with an installed capacity of 255 MW.

Read More

Analyst Recommendations for Boralex (TSE:BLX)

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.