Boralex (TSE:BLX) PT Set at C$39.00 by National Bank Financial

Boralex (TSE:BLX) received a C$39.00 price objective from analysts at National Bank Financial in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 6.50% from the company’s current price.

Several other brokerages have also issued reports on BLX. Canadian Imperial Bank of Commerce dropped their price target on Boralex from C$37.00 to C$36.00 in a research note on Wednesday, January 21st. Scotiabank dropped their target price on Boralex from C$41.00 to C$39.00 and set an “outperform” rating on the stock in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$38.57.

Boralex Stock Performance

Shares of Boralex stock opened at C$36.62 on Tuesday. The stock has a market cap of C$3.76 billion, a price-to-earnings ratio of 610.33, a P/E/G ratio of 2.01 and a beta of 0.73. The company’s fifty day moving average is C$27.28 and its 200 day moving average is C$26.84. The company has a quick ratio of 1.54, a current ratio of 1.29 and a debt-to-equity ratio of 323.15. Boralex has a twelve month low of C$23.48 and a twelve month high of C$36.72.

Boralex (TSE:BLX) last posted its quarterly earnings data on Friday, February 27th. The company reported C$0.13 EPS for the quarter. The company had revenue of C$258.00 million for the quarter. Boralex had a return on equity of 0.45% and a net margin of 0.84%. Sell-side analysts forecast that Boralex will post 1.3383764 EPS for the current year.

More Boralex News

Here are the key news stories impacting Boralex this week:

• Positive Sentiment: Boralex entered a definitive agreement to be acquired by Brookfield alongside La Caisse — a transaction that explains the stock rally by implying a takeover premium and a path to private ownership. Boralex Enters into Definitive Agreement to be Acquired by Brookfield, alongside La Caisse, Supporting its Next Phase of Growth as a Standalone Private Company
• Positive Sentiment: Analysts and Bloomberg reported a potential deal valuation near US$6.3 billion, reinforcing takeover expectations and supporting a higher implied purchase price for shareholders. Boralex Jumps as Analysts See Potential Deal at $6.3 Billion
• Positive Sentiment: Coverage in The Globe and Mail highlighted Caisse interest and a strategic review, which helped lift shares as investors price in a sale scenario. Boralex shares climb on possible sale as analysts see strategic review drawing Caisse’s interest
• Positive Sentiment: National Bank Financial bumped its price target to C$39 and gave an “outperform” rating, providing analyst support for further upside from current levels. BayStreet.CA
• Positive Sentiment: Market reports noted BLX hitting 52-week highs on the takeover/strategic-review news, consistent with elevated volume and broad investor interest. Boralex, Calfrac, Cardinal at 52-week Highs on News
• Neutral Sentiment: Earlier media reports that Boralex was exploring a potential go‑private transaction and conducting a strategic review helped start the move; those are now being confirmed/clarified by the definitive agreement. Renewable energy firm Boralex explores potential deal to go private – Bloomberg
• Neutral Sentiment: Boralex announced an internal appointment (SVP, Enterprise Risk Management & CSR); routine corporate hires are unlikely to move the stock materially compared with the M&A news. Boralex announces the appointment of Mihaela Stefanov as Senior Vice President, Enterprise Risk Management and Corporate Social Responsibility

Boralex Company Profile

Boralex Inc is an electric utility company involved in the development, construction, and operation of renewable energy power facilities. The company controls a portfolio of electricity producing plants that utilize wind, hydroelectric, thermal, and solar fuel sources. Most of Boralex’s plants rely on wind power, while a significant number also employ hydroelectric power. The company generates the vast majority of its revenue from the sale of energy through long-term contracts to customers in Canada, France, and the United States.