Boralex (TSE:BLX - Get Free Report) had its price objective cut by CIBC from C$43.00 to C$42.00 in a research note issued on Friday,BayStreet.CA reports. CIBC's target price suggests a potential upside of 32.08% from the company's current price.
Other analysts also recently issued research reports about the stock. Raymond James boosted their price objective on shares of Boralex from C$38.00 to C$41.00 in a research report on Thursday, August 15th. Cormark boosted their price target on shares of Boralex from C$45.00 to C$47.00 in a research report on Thursday, August 15th. BMO Capital Markets raised their price objective on Boralex from C$39.00 to C$46.00 in a report on Thursday, September 5th. Royal Bank of Canada boosted their target price on Boralex from C$36.00 to C$38.00 in a report on Thursday, August 15th. Finally, Cibc World Mkts upgraded Boralex to a "strong-buy" rating in a research note on Monday, July 22nd. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Boralex presently has a consensus rating of "Buy" and a consensus price target of C$43.38.
Check Out Our Latest Stock Report on Boralex
Boralex Stock Down 3.3 %
Boralex stock traded down C$1.07 during midday trading on Friday, reaching C$31.80. The company's stock had a trading volume of 329,800 shares, compared to its average volume of 258,610. The company has a market cap of C$3.27 billion, a P/E ratio of 34.19, a P/E/G ratio of 2.01 and a beta of 0.46. The company has a quick ratio of 1.54, a current ratio of 0.95 and a debt-to-equity ratio of 175.24. The business has a 50-day simple moving average of C$34.16 and a 200-day simple moving average of C$33.14. Boralex has a fifty-two week low of C$26.25 and a fifty-two week high of C$36.68.
Boralex (TSE:BLX - Get Free Report) last issued its earnings results on Wednesday, August 14th. The company reported C$0.10 earnings per share for the quarter, topping the consensus estimate of C$0.04 by C$0.06. The business had revenue of C$180.00 million for the quarter, compared to analyst estimates of C$211.65 million. Boralex had a return on equity of 6.69% and a net margin of 9.91%. On average, research analysts expect that Boralex will post 1.3383764 earnings per share for the current fiscal year.
About Boralex
(
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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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