Boralex (TSE:BLX) PT Raised to C$48.00 at National Bankshares

Boralex (TSE:BLXGet Rating) had its price objective hoisted by analysts at National Bankshares from C$44.00 to C$48.00 in a research note issued on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 22.48% from the stock’s previous close.

BLX has been the topic of several other research reports. Cormark upped their price objective on Boralex from C$50.00 to C$55.00 and gave the company a “buy” rating in a research note on Monday, February 28th. Scotiabank cut their price objective on Boralex from C$45.25 to C$42.75 in a research note on Thursday, February 24th. Credit Suisse Group upgraded Boralex to an “outperform” rating in a research note on Monday, January 24th. Tudor Pickering cut their price objective on Boralex to C$37.00 and set a “hold” rating on the stock in a research note on Thursday, February 3rd. Finally, Raymond James set a C$51.00 price objective on Boralex and gave the company an “outperform” rating in a research note on Thursday, February 24th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$44.73.

Shares of TSE:BLX traded down C$2.78 during trading on Monday, hitting C$39.19. The company’s stock had a trading volume of 526,957 shares, compared to its average volume of 352,321. The company has a debt-to-equity ratio of 325.35, a quick ratio of 1.02 and a current ratio of 1.17. Boralex has a fifty-two week low of C$30.04 and a fifty-two week high of C$44.12. The stock’s 50-day moving average price is C$36.76 and its two-hundred day moving average price is C$35.98. The company has a market capitalization of C$4.02 billion and a PE ratio of 244.06.

Boralex (TSE:BLXGet Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The company reported C$0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.25 by C($0.08). The business had revenue of C$192.00 million during the quarter, compared to analysts’ expectations of C$197.95 million. On average, equities analysts predict that Boralex will post 0.86 earnings per share for the current fiscal year.

About Boralex (Get Rating)

Boralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2021, the company had interests in 90 wind power stations with an installed capacity of 2,032 megawatts (MW); 16 hydroelectric power stations with a capacity of 181 MW; 12 solar power stations with an installed capacity of 244 MW; and one thermal power station with an installed capacity of 35 MW.

Featured Articles

Analyst Recommendations for Boralex (TSE:BLX)

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.