Boralex Inc. (TSE:BLX – Get Free Report) has been given an average rating of “Buy” by the nine ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$42.44.
BLX has been the subject of a number of research analyst reports. Cormark upped their price target on shares of Boralex from C$45.00 to C$47.00 in a research note on Thursday, August 15th. National Bankshares upped their price target on shares of Boralex from C$43.00 to C$46.00 in a research note on Monday, July 8th. BMO Capital Markets upped their price target on shares of Boralex from C$37.00 to C$39.00 in a research note on Thursday, August 15th. Desjardins increased their target price on shares of Boralex from C$44.00 to C$46.00 and gave the company a “top pick” rating in a research note 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 research note on Wednesday, June 12th.
View Our Latest Stock Analysis on BLX
Boralex Trading Down 1.7 %
Boralex Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Friday, August 30th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Friday, August 30th. Boralex’s dividend payout ratio is 70.97%.
About Boralex
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.
See Also
- Five stocks we like better than Boralex
- ESG Stocks, What Investors Should Know
- Autodesk Stock: Analysts’ Top AI Pick You Shouldn’t Overlook
- How to Start Investing in Real Estate
- Hidden Opportunities in Li Auto’s Tough Quarter You Can’t Miss
- What is Put Option Volume?
- Don’t Overlook Campbell Soup: Here’s What Could Drive Its Stock
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.