Boralex (TSE:BLX) Given New C$41.00 Price Target at Raymond James

Boralex (TSE:BLX) had its price target boosted by Raymond James from C$38.00 to C$41.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports. Raymond James also issued estimates for Boralex’s Q4 2025 earnings at $0.51 EPS and FY2025 earnings at $0.84 EPS.

Other research analysts have also recently issued reports about the company. CIBC upped their price objective on Boralex from C$41.00 to C$42.00 and gave the stock an outperform rating in a research report on Monday, July 22nd. Scotiabank increased their target price on Boralex from C$38.00 to C$42.00 and gave the stock an outperform rating in a research note on Wednesday, June 12th. National Bankshares increased their target price on Boralex from C$43.00 to C$46.00 in a report on Monday, July 8th. Royal Bank of Canada raised their price objective on Boralex from C$36.00 to C$38.00 in a report on Thursday. Finally, Cibc World Mkts upgraded Boralex to a strong-buy rating in a report on Monday, July 22nd. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Buy and a consensus price target of C$42.90.

Boralex Trading Down 2.5 %

Shares of BLX stock traded down C$0.86 on Thursday, hitting C$33.66. The stock had a trading volume of 58,599 shares, compared to its average volume of 261,020. The company has a debt-to-equity ratio of 172.42, a current ratio of 1.16 and a quick ratio of 1.54. The firm has a market capitalization of C$3.46 billion, a P/E ratio of 35.22, a P/E/G ratio of 0.94 and a beta of 0.41. Boralex has a 1 year low of C$25.40 and a 1 year high of C$36.68. The company’s 50 day moving average price is C$34.01 and its 200-day moving average price is C$31.29.

Boralex (TSE:BLX) last posted its quarterly earnings data on Wednesday, May 15th. The company reported C$0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.48 by C$0.05. Boralex had a return on equity of 6.87% and a net margin of 10.14%. The firm had revenue of C$291.00 million for the quarter, compared to the consensus estimate of C$296.40 million. Analysts anticipate that Boralex will post 1.0561014 earnings per share for the current year.

Boralex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Friday, August 30th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.96%. The ex-dividend date is Friday, August 30th. Boralex’s payout ratio is 67.35%.

About Boralex

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.