Boralex (BLX) Given New C$26.00 Price Target at National Bank Financial

Boralex (TSE:BLX) had its target price decreased by National Bank Financial from C$27.00 to C$26.00 in a research note published on Wednesday. National Bank Financial currently has an outperform rating on the stock.

A number of other brokerages also recently commented on BLX. Industrial Alliance Securities downgraded shares of Boralex from a buy rating to a hold rating and set a C$25.00 price objective for the company. in a research report on Friday, January 26th. Raymond James Financial raised their price objective on shares of Boralex from C$24.50 to C$26.00 in a research report on Tuesday, October 24th. BMO Capital Markets reaffirmed an outperform rating and issued a C$25.50 target price on shares of Boralex in a report on Thursday, October 19th. Canaccord Genuity increased their target price on shares of Boralex from C$25.00 to C$26.00 in a report on Thursday, January 11th. Finally, TD Securities increased their target price on shares of Boralex from C$25.00 to C$26.00 in a report on Monday, November 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Boralex has a consensus rating of Buy and a consensus price target of C$25.28.

Shares of Boralex (TSE BLX) opened at C$22.98 on Wednesday. The company has a market cap of $1,750.00, a PE ratio of -255.33 and a beta of 0.09. Boralex has a 12-month low of C$19.90 and a 12-month high of C$25.03.

Boralex (TSE:BLX) last announced its quarterly earnings data on Friday, November 10th. The company reported C($0.22) EPS for the quarter, beating the Zacks’ consensus estimate of C($0.24) by C$0.02. The firm had revenue of C$74.00 million during the quarter, compared to the consensus estimate of C$84.70 million. Boralex had a negative net margin of 34.67% and a negative return on equity of 9.56%.

In related news, Director Marie Giguère bought 3,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was bought at an average cost of C$22.18 per share, with a total value of C$66,540.00.

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Boralex Company Profile

Boralex Inc is a power producer that develops, constructs and operates renewable energy power stations. The Company’s segments include wind, hydroelectric, thermal and solar. It operates an asset base with a capacity of approximately 1,260 megawatts (MW), of which over 1,090 MW are under its control, consisting of approximately 490 MW in Canada, over 520 MW in France and over 80 MW in the Northeastern United States.

Analyst Recommendations for Boralex (TSE:BLX)

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