Boralex (TSE:BLX) Price Target Increased to C$51.00 by Analysts at BMO Capital Markets

Boralex (TSE:BLXGet Rating) had its price objective hoisted by BMO Capital Markets from C$50.00 to C$51.00 in a report issued on Tuesday, BayStreet.CA reports.

Several other equities research analysts also recently issued reports on BLX. Raymond James raised their price objective on shares of Boralex from C$51.00 to C$52.00 and gave the stock an outperform rating in a research report on Thursday, August 4th. TD Securities lifted their price target on shares of Boralex from C$50.00 to C$55.00 and gave the company a buy rating in a research report on Thursday, August 4th. CIBC lifted their price target on shares of Boralex from C$49.00 to C$50.00 in a research report on Friday, September 16th. National Bankshares lifted their price target on shares of Boralex from C$47.00 to C$50.00 and gave the company an outperform rating in a research report on Thursday, August 4th. Finally, Scotiabank lifted their price target on shares of Boralex from C$48.75 to C$53.00 in a research report on Thursday, August 4th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of C$49.83.

Boralex Trading Down 1.3 %

Boralex stock opened at C$46.30 on Tuesday. Boralex has a 52 week low of C$30.04 and a 52 week high of C$51.55. The company has a debt-to-equity ratio of 170.23, a quick ratio of 1.81 and a current ratio of 1.92. The stock has a market capitalization of C$4.76 billion and a P/E ratio of 81.23. The stock has a 50-day simple moving average of C$47.13 and a 200 day simple moving average of C$42.57.

Boralex (TSE:BLXGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported C$0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.08 by C$0.02. The company had revenue of C$168.00 million for the quarter, compared to analyst estimates of C$176.80 million. Analysts expect that Boralex will post 1.16 earnings per share for the current year.

Boralex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 16th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Tuesday, August 30th. Boralex’s payout ratio is presently 115.79%.

Insider Transactions at Boralex

In other news, Director Dany St-Pierre bought 1,530 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The shares were acquired at an average price of C$46.21 per share, with a total value of C$70,695.96. Following the acquisition, the director now owns 1,530 shares of the company’s stock, valued at approximately C$70,695.96.

About Boralex

(Get Rating)

Boralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2021, the company had interests in 90 wind power stations with an installed capacity of 2,032 megawatts (MW); 16 hydroelectric power stations with a capacity of 181 MW; 12 solar power stations with an installed capacity of 244 MW; and one thermal power station with an installed capacity of 35 MW.

Featured Articles

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.