Boralex (TSE:BLX) had its price target increased by investment analysts at Desjardins from C$25.50 to C$26.00 in a research note issued on Monday. Desjardins’ price target points to a potential upside of 14.84% from the company’s previous close.
A number of other analysts have also weighed in on the company. National Bank Financial lowered their target price on Boralex from C$27.00 to C$26.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Industrial Alliance Securities lowered Boralex from a “buy” rating to a “hold” rating and set a C$25.00 price objective for the company. in a report on Friday, January 26th. Finally, Canaccord Genuity increased their price objective on Boralex from C$25.00 to C$26.00 in a report on Thursday, January 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Boralex presently has a consensus rating of “Buy” and an average target price of C$25.61.
Boralex stock opened at C$22.64 on Monday. Boralex has a twelve month low of C$20.54 and a twelve month high of C$25.03.
Boralex (TSE:BLX) last posted its earnings results on Friday, March 2nd. The company reported C$0.32 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.24 by C$0.08. The company had revenue of C$129.00 million during the quarter, compared to analyst estimates of C$133.70 million. Boralex had a return on equity of 13.67% and a net margin of 20.61%.
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Boralex Company Profile
Boralex Inc is a power producer that develops, constructs and operates renewable energy power stations. The Company’s segments include wind, hydroelectric, thermal and solar. It operates an asset base with a capacity of approximately 1,260 megawatts (MW), of which over 1,090 MW are under its control, consisting of approximately 490 MW in Canada, over 520 MW in France and over 80 MW in the Northeastern United States.
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