Boralex (TSE:BLX) Given a C$39.00 Price Target at National Bank Financial

National Bank Financial set a C$39.00 price target on Boralex (TSE:BLX) in a research report released on Tuesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research firms have also issued reports on BLX. Canadian Imperial Bank of Commerce cut their target price on Boralex from C$37.00 to C$36.00 in a research note on Wednesday, January 21st. Scotiabank lowered their price target on shares of Boralex from C$41.00 to C$39.00 and set an “outperform” rating on the stock in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$38.57.

Boralex Stock Up 7.5%

Shares of TSE BLX opened at C$33.00 on Tuesday. Boralex has a 12-month low of C$23.48 and a 12-month high of C$33.88. The stock’s fifty day simple moving average is C$27.06 and its two-hundred day simple moving average is C$26.77. The stock has a market capitalization of C$3.39 billion, a PE ratio of 550.00, a price-to-earnings-growth ratio of 2.01 and a beta of 0.73. The company has a current ratio of 1.29, a quick ratio of 1.54 and a debt-to-equity ratio of 323.15.

Boralex (TSE:BLX) last released its quarterly earnings results on Friday, February 27th. The company reported C$0.13 EPS for the quarter. The firm had revenue of C$258.00 million during the quarter. Boralex had a return on equity of 0.45% and a net margin of 0.84%. As a group, analysts expect that Boralex will post 1.3383764 EPS for the current fiscal year.

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.