Boralex (TSE:BLX – Get Free Report) had its target price hoisted by research analysts at CIBC from C$41.00 to C$42.00 in a research report issued on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s target price points to a potential upside of 25.07% from the company’s current price.
Other research analysts have also recently issued reports about the stock. Raymond James decreased their price objective on shares of Boralex from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. National Bankshares increased their price target on shares of Boralex from C$43.00 to C$46.00 in a research report on Monday, July 8th. Desjardins boosted their price objective on shares of Boralex from C$44.00 to C$46.00 and gave the stock a “top pick” rating in a report on Friday, June 21st. Finally, 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. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$41.67.
View Our Latest Research Report on Boralex
Boralex Price Performance
Boralex (TSE:BLX – Get Free Report) last posted its quarterly earnings data on Wednesday, May 15th. The company reported C$0.53 earnings per share for the quarter, topping the consensus estimate of C$0.48 by C$0.05. The company had revenue of C$291.00 million for the quarter, compared to analysts’ expectations of C$296.40 million. Boralex had a net margin of 10.14% and a return on equity of 6.87%. As a group, research analysts anticipate that Boralex will post 1.0561014 EPS for the current year.
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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