Boralex (TSE:BLX) Price Target Raised to C$24.00

Boralex (TSE:BLX) had its price target lifted by TD Securities from C$22.00 to C$24.00 in a research report report published on Wednesday, BayStreet.CA reports.

BLX has been the topic of a number of other reports. BMO Capital Markets reaffirmed a buy rating on shares of Gran Tierra Energy in a research note on Wednesday, June 26th. Raymond James set a C$19.50 price target on Heroux Devtek and gave the stock an outperform rating in a research note on Thursday, June 20th. National Bank Financial reaffirmed an outperform spec overweight rating on shares of Barkerville Gold Mines in a research note on Tuesday, March 19th. Finally, CIBC dropped their price target on Peyto Exploration & Development from C$10.00 to C$6.00 in a research note on Wednesday, June 19th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Boralex presently has a consensus rating of Buy and an average target price of C$23.57.

BLX stock opened at C$19.95 on Wednesday. The business’s 50 day moving average price is C$19.61. Boralex has a fifty-two week low of C$15.96 and a fifty-two week high of C$20.37. The company has a current ratio of 0.74, a quick ratio of 0.63 and a debt-to-equity ratio of 415.22. The firm has a market cap of $1.78 billion and a P/E ratio of -55.26.

Boralex (TSE:BLX) last posted its quarterly earnings results on Wednesday, May 8th. The company reported C$0.28 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.02). The company had revenue of C$172.00 million during the quarter, compared to analyst estimates of C$173.00 million. Equities analysts predict that Boralex will post 0.32 EPS for the current year.

About Boralex

Boralex Inc, together with its subsidiaries, develops, constructs, and operates renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2018, the company had interests in 81 wind power stations with an installed capacity of 1,723 megawatts (MW); 15 hydroelectric power stations with a capacity of 156 MW; 2 thermal power stations with an installed capacity of 47 MW; and 3 solar power stations with an installed capacity of 16 MW.

Featured Article: What is cost of equity?

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's FREE daily email newsletter.