Boralex Inc. (BLX) To Go Ex-Dividend on May 29th

Boralex Inc. (TSE:BLX) announced a quarterly dividend on Friday, May 29th, TickerTech Dividends reports. Investors of record on Monday, June 15th will be paid a dividend of 0.165 per share on Monday, June 15th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, May 29th.

Boralex Stock Up 0.1%

Shares of BLX opened at C$36.89 on Wednesday. The firm has a market cap of C$3.79 billion, a P/E ratio of -119.00, a price-to-earnings-growth ratio of 2.01 and a beta of 0.26. Boralex has a 12-month low of C$23.48 and a 12-month high of C$36.99. The company’s 50-day moving average price is C$35.73 and its 200 day moving average price is C$29.49. The company has a current ratio of 1.24, a quick ratio of 1.54 and a debt-to-equity ratio of 309.98.

Boralex (TSE:BLX) last issued its quarterly earnings data on Thursday, May 14th. The company reported C($0.08) earnings per share (EPS) for the quarter. The company had revenue of C$286.00 million during the quarter. Boralex had a negative net margin of 3.56% and a negative return on equity of 2.08%. On average, sell-side analysts forecast that Boralex will post 1.3383764 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. National Bank Financial set a C$39.00 price objective on shares of Boralex and gave the company an “outperform” rating in a report on Tuesday, March 24th. TD Securities lowered shares of Boralex from a “buy” rating to a “sell” rating and boosted their price objective for the company from C$32.00 to C$37.25 in a report on Thursday, March 26th. Raymond James Financial downgraded Boralex from an “outperform” rating to a “market perform” rating and dropped their target price for the company from C$38.00 to C$37.25 in a research report on Friday, May 15th. Finally, Royal Bank Of Canada raised their price objective on shares of Boralex from C$33.00 to C$37.25 and gave the company a “sector perform” rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$38.39.

About Boralex

Boralex Inc is an electric utility company involved in the development, construction, and operation of renewable energy power facilities. The company controls a portfolio of electricity producing plants that utilize wind, hydroelectric, thermal, and solar fuel sources. Most of Boralex’s plants rely on wind power, while a significant number also employ hydroelectric power. The company generates the vast majority of its revenue from the sale of energy through long-term contracts to customers in Canada, France, and the United States.