Boralex Inc. (BLX) Announces Dividend of C$0.12
Boralex (TSE:BLX) declared a dividend on Wednesday, May 7th, Analyst Ratings.Net reports. Investors of record on Friday, May 30th will be given a dividend of 0.1194 per share on Monday, June 16th. The ex-dividend date of this dividend is Wednesday, May 28th.
A number of analysts have recently weighed in on BLX shares. Analysts at Scotiabank raised their price target on shares of Boralex from C$15.00 to C$16.00 in a research note on Thursday, May 8th. They now have an “outperform” rating on the stock. Analysts at National Bank Financial raised their price target on shares of Boralex from C$15.50 to C$16.50 in a research note on Tuesday, April 1st. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$15.10.
Shares of Boralex (TSE:BLX) opened at 13.76 on Thursday. Boralex has a 52 week low of $9.76 and a 52 week high of $13.81. The stock has a 50-day moving average of $13.10 and a 200-day moving average of $12.09. The company’s market cap is $527.3 million.
Boralex (TSE:BLX) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. Analysts expect that Boralex will post $0.01 EPS for the current fiscal year.
Boralex Inc (TSE:BLX) is an electricity producer whose business is the development and operation of renewable energy power stations.
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