Boralex Inc. Cl A (BLX), the Utilities company, has been an analyst favorite lately, with another positive rating update this time from National Bank. National Bank’s analyst Rupert Merer reiterates their Buy rating on the shares, with a C$25 price target.
Merer has an average return of 2.2% when recommending Boralex Inc. Cl A.
According to TipRanks.com, Merer is ranked #3928 out of 5262 analysts.
Boralex Inc. Cl A has an analyst consensus of Strong Buy, with a price target consensus of C$23.75, representing a 24.7% upside. In a report issued on March 4, Raymond James also maintained a Buy rating on the stock with a C$25 price target.
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Based on Boralex Inc. Cl A’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$149 million and net profit of C$6 million. In comparison, last year the company earned revenue of C$131 million and had a net profit of C$26 million.
Boralex, Inc. engages in the developing and building renewable energy power facilities. It operates through the following business segments: Wind Power Stations, Hydroelectric Power Stations, Thermal Power Stations, and Solar Power Stations. The company was founded on November 9, 1982 and is headquartered in Kingsey Falls, Canada.
The company’s shares closed on Tuesday at C$19.04.
