Boralex Inc. (TSE:BLX - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$31.91 and traded as high as C$36.06. Boralex shares last traded at C$35.98, with a volume of 185,891 shares.
Analyst Ratings Changes
BLX has been the subject of several recent research reports. Raymond James lifted their target price on shares of Boralex from C$38.00 to C$41.00 in a report on Thursday, August 15th. BMO Capital Markets increased their target price on Boralex from C$39.00 to C$46.00 in a research note on Thursday, September 5th. Royal Bank of Canada raised their price target on Boralex from C$36.00 to C$38.00 in a report on Thursday, August 15th. Cormark increased their price objective on shares of Boralex from C$45.00 to C$47.00 in a research report on Thursday, August 15th. Finally, Scotiabank raised their price objective on shares of Boralex from C$38.00 to C$42.00 and gave the company an "outperform" rating in a research note on Wednesday, June 12th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Boralex presently has a consensus rating of "Buy" and an average price target of C$43.22.
View Our Latest Report on Boralex
Boralex Stock Down 0.3 %
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 company's fifty day moving average is C$33.68 and its 200-day moving average is C$31.91. The company has a market cap of C$3.69 billion, a PE ratio of 38.69, a PEG ratio of 0.94 and a beta of 0.45.
Boralex (TSE:BLX - Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported C$0.10 EPS for the quarter, beating the consensus estimate of C$0.04 by C$0.06. The firm had revenue of C$180.00 million during the quarter, compared to analyst estimates of C$211.65 million. Boralex had a net margin of 9.91% and a return on equity of 6.69%. On average, analysts predict that Boralex Inc. will post 1.2283737 EPS for the current year.
Boralex Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Friday, August 30th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.84%. The ex-dividend date was Friday, August 30th. Boralex's dividend payout ratio is presently 70.97%.
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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