Boralex (TSE:BLX)’s stock had its “hold” rating reaffirmed by stock analysts at Tudor Pickering in a research report issued to clients and investors on Wednesday, Stock Target Advisor reports. They presently have a C$41.00 price objective on the stock. Tudor Pickering’s price objective suggests a potential upside of 13.35% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the stock. TD Securities set a C$50.00 target price on shares of Boralex and gave the stock a “buy” rating in a research report on Thursday, November 25th. Tudor Pickering & Holt set a C$41.00 target price on shares of Boralex and gave the stock a “hold” rating in a research report on Wednesday. CIBC reiterated a “buy” rating and issued a C$48.00 target price on shares of Boralex in a research report on Thursday, September 23rd. Scotiabank decreased their target price on shares of Boralex from C$52.25 to C$51.00 in a research report on Monday, November 15th. Finally, Raymond James set a C$56.00 target price on shares of Boralex and gave the stock an “outperform” rating in a research report on Monday, November 15th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Boralex has an average rating of “Buy” and a consensus target price of C$46.55.
TSE:BLX traded down C$0.09 during trading hours on Wednesday, hitting C$36.17. The stock had a trading volume of 112,937 shares, compared to its average volume of 468,734. The company has a 50 day simple moving average of C$37.64 and a two-hundred day simple moving average of C$37.78. The company has a debt-to-equity ratio of 302.23, a current ratio of 1.06 and a quick ratio of 0.63. Boralex has a one year low of C$33.92 and a one year high of C$56.70. The firm has a market capitalization of C$3.71 billion and a price-to-earnings ratio of 142.09.
Boralex (TSE:BLX) last posted its quarterly earnings data on Friday, November 12th. The company reported C($0.20) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.21) by C$0.01. The company had revenue of C$126.00 million for the quarter, compared to analysts’ expectations of C$130.00 million. Equities research analysts anticipate that Boralex will post 0.6016543 earnings per share 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 primarily in Canada, France, the United Kingdom, and the United States. As of December 31, 2020, the company had interests in 88 wind power stations with an installed capacity of 2,002 megawatts (MW); 16 hydroelectric power stations with a capacity of 181 MW; two thermal power stations with an installed capacity of 47 MW; and 10 solar power stations with an installed capacity of 225 MW.