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Analysts at CSFB raised their price target on Boralex (TSE:BLX) to C$38.50.

Analysts at CSFB raised their price target on Boralex (TSE:BLX) to C$38.50.

Boralex (TSE: BLX) research analysts at CSFB reportedly increased their price objective for the company from C$36.00 to C$38.50 in a published note on Thursday. BayStreet.CA is the source from which we obtained this information. The price that has been chosen to serve as the target for CSFB indicates that there is a possibility of the firm’s price falling by 5.06% from its current level.
The recommendations of various stock research specialists have all been positive toward BLX, supporting the company. The price target that Scotiabank has set for Boralex has increased from $50.00 to $53.00, as stated in a research note published on Friday, December 30th. The announcement was made by Credit Suisse Group on Monday, November 21st, and was included in a report disseminated that day. The report stated that the price objective for Boralex shares would now be reduced to C$36.00. In addition, Boralex received an upgrade to a “sector perform” rating from the Royal Bank of Canada in a research note published on Friday, December 30th.
The Royal Bank of Canada also raised its target price for the company from $40.00 to 42.00 Canadian dollars. The price objective that BMO Capital Markets had established for Boralex was lowered from $53.00 to $50.00 due to an announcement made in a research note published on November 21st. In a research note that National Bankshares distributed on Friday, December 30th, an “outperform” rating for Boralex was included in the note. Previously, the company had assigned a rating of “market perform” to Boralex’s performance in the market. In addition, the company has been assigned a rating of “Hold” by five stock analysts, while a rating of “buy” has been assigned by the remaining five stock analysts. The information that can be found on indicates that the stock currently carries an average rating of “Moderate Buy” and has a price target of C$45.58 that has been assigned a consensus rating of “Moderate Buy.”
This past Thursday saw a decrease of $0.21 Canadian in the price of a share of Boralex, bringing the total price to $40.55. The stock’s average volume is 208,374 shares, so the number of shares that changed hands was significantly lower than that at 139,767. As a result, there is a debt-to-equity ratio of 171.03, a ratio of 1.54 for the quick ratio, and a ratio of 1.6 for the current ratio in this financial situation. The stock has a price-to-earnings ratio of 122.73, and its market value is 4.17 billion Canadian dollars at the current trading price. The moving average for the stock over the past 50 days is currently sitting at C$38.58, while the moving average for the past 200 days is currently sitting at C$42.49. During the previous twelve months, the price of Boralex ranged from a low of $30.04 to a high of C$51.55.
On November 9th, Boralex (TSE: BLX) released its most recent quarterly earnings report. The earnings per share (EPS) that the company reported for the previous quarter came in at C ($0.41), which was significantly lower than the consensus expectation of C ($0.24) by C ($0.17). In addition, the sales for the company during the quarter came in at 106 million Canadian dollars, which is significantly less than the forecast of 129 million Canadian dollars that the analysts provided. This year, Boralex is expected to generate profits of $1.1 million per share, as stated by the forecasts provided by equity research specialists.
Boralex Inc. and its subsidiaries in Canada, France, and the United States are the companies that are primarily responsible for the development, construction, and operation of renewable energy power facilities in North America. The company owned 12 solar facilities with a total installed capacity of 244 megawatts (MW), 90 wind-producing facilities with a total capacity of 2,032 MW, 16 hydroelectric facilities with a capacity of 181 MW, and one thermal plant with a capacity of 35 MW as of December 31st in the year 2021.


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