Boralex (TSE:BLX – Free Report) had its price target increased by Royal Bank of Canada from C$36.00 to C$38.00 in a research report report published on Thursday morning, BayStreet.CA reports.
Several other analysts also recently commented on BLX. National Bankshares lifted their target price on shares of Boralex from C$43.00 to C$46.00 in a report on Monday, July 8th. Scotiabank increased their target price on shares of Boralex from C$38.00 to C$42.00 and gave the company an outperform rating in a report on Wednesday, June 12th. Desjardins raised their price objective on shares of Boralex from C$44.00 to C$46.00 and gave the company a top pick rating in a research report on Friday, June 21st. Cibc World Mkts raised shares of Boralex to a strong-buy rating in a research note on Monday, July 22nd. Finally, Raymond James cut their price objective on Boralex from C$40.00 to C$38.00 and set an outperform rating for the company in a research note on Thursday, April 25th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Buy and an average price target of C$42.90.
Read Our Latest Analysis on BLX
Boralex Stock Performance
Boralex (TSE:BLX – Get Free Report) last issued its earnings results on Wednesday, May 15th. The company reported C$0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.48 by C$0.05. Boralex had a net margin of 10.14% and a return on equity of 6.87%. The company had revenue of C$291.00 million during the quarter, compared to analyst estimates of C$296.40 million. Equities research analysts predict that Boralex will post 1.0561014 earnings per share for the current fiscal year.
Boralex Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Friday, August 30th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, August 30th. Boralex’s dividend payout ratio (DPR) is presently 67.35%.
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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