Boralex (TSE:BLX – Get Free Report) had its target price lowered by research analysts at CIBC from C$40.00 to C$38.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price target suggests a potential upside of 41.42% from the stock’s current price.
Several other equities analysts have also commented on the company. Desjardins raised their price target on Boralex from C$43.00 to C$44.00 and gave the company a “top pick” rating in a research note on Monday, January 29th. BMO Capital Markets raised their target price on shares of Boralex to C$37.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$40.50.
View Our Latest Stock Analysis on Boralex
Boralex Trading Down 0.8 %
Boralex (TSE:BLX – Get Free Report) last issued its earnings results on Friday, March 1st. The company reported C$0.36 EPS for the quarter, missing analysts’ consensus estimates of C$0.51 by C($0.15). Boralex had a return on equity of 5.68% and a net margin of 7.63%. The company had revenue of C$315.00 million for the quarter, compared to analysts’ expectations of C$262.30 million. As a group, analysts forecast that Boralex will post 1.0599765 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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