Boralex (TSE:BLX) PT Raised to C$25.00 at CIBC

Boralex (TSE:BLX) had its target price increased by equities research analysts at CIBC from C$24.00 to C$25.00 in a report issued on Wednesday, BayStreet.CA reports. CIBC’s price target points to a potential upside of 13.69% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Raymond James reaffirmed an “outperform” rating and set a C$26.00 target price on shares of Boralex in a report on Friday, August 9th. BMO Capital Markets upped their target price on shares of Boralex from C$23.00 to C$26.00 in a report on Monday, September 9th. Finally, TD Securities upped their target price on shares of Boralex from C$22.00 to C$24.00 in a report on Wednesday, July 17th. Five investment analysts have rated the stock with a buy rating, Boralex presently has an average rating of “Buy” and a consensus target price of C$24.67.

TSE BLX traded down C$0.31 on Wednesday, hitting C$21.99. The company had a trading volume of 120,801 shares, compared to its average volume of 225,288. The company has a market capitalization of $1.99 billion and a PE ratio of -154.86. The company’s fifty day moving average price is C$22.27 and its 200-day moving average price is C$20.15. The company has a debt-to-equity ratio of 436.91, a current ratio of 1.01 and a quick ratio of 0.81. Boralex has a 12-month low of C$15.96 and a 12-month high of C$22.95.

Boralex (TSE:BLX) last released its earnings results on Thursday, August 8th. The company reported C($0.14) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C($0.17) by C$0.03. The business had revenue of C$121.00 million for the quarter, compared to analysts’ expectations of C$121.00 million. On average, sell-side analysts anticipate that Boralex will post 0.2911767 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.

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Analyst Recommendations for Boralex (TSE:BLX)

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