Boralex (TSE:BLX) PT Raised to C$44.00 at Desjardins

Boralex (TSE:BLXGet Free Report) had its price target lifted by investment analysts at Desjardins from C$43.00 to C$44.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm presently has a “top pick” rating on the stock. Desjardins’ price objective indicates a potential upside of 35.38% from the stock’s current price.

BLX has been the subject of a number of other research reports. Raymond James decreased their price objective on shares of Boralex from C$49.00 to C$40.00 and set an “outperform” rating for the company in a report on Thursday, October 26th. BMO Capital Markets decreased their price objective on shares of Boralex from C$40.00 to C$36.00 and set an “outperform” rating for the company in a report on Friday, November 10th. National Bankshares lifted their price objective on shares of Boralex from C$38.00 to C$41.00 and gave the company an “outperform” rating in a report on Monday, December 18th. Royal Bank of Canada reduced their price target on shares of Boralex from C$42.00 to C$36.00 and set a “sector perform” rating for the company in a report on Monday, October 16th. Finally, TD Securities reduced their price target on shares of Boralex from C$46.00 to C$41.00 and set a “buy” rating for the company in a report on Wednesday, October 18th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$40.75.

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Boralex Price Performance

Boralex stock opened at C$32.50 on Monday. The firm has a 50-day moving average price of C$32.33 and a 200-day moving average price of C$31.38. The firm has a market capitalization of C$3.34 billion, a PE ratio of 45.77, a price-to-earnings-growth ratio of 0.99 and a beta of 0.45. The company has a current ratio of 1.17, a quick ratio of 1.54 and a debt-to-equity ratio of 168.91. Boralex has a 12-month low of C$25.40 and a 12-month high of C$43.43.

Boralex (TSE:BLXGet Free Report) last announced its quarterly earnings data on Thursday, November 9th. The company reported C($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.11) by C$0.08. Boralex had a net margin of 7.11% and a return on equity of 3.27%. The company had revenue of C$178.00 million during the quarter, compared to analyst estimates of C$178.10 million. As a group, equities research analysts forecast that Boralex will post 1.0972458 EPS for the current year.

Boralex Company Profile

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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.

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Analyst Recommendations for Boralex (TSE:BLX)

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