Boralex - BLX Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Boralex in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BLX shares.
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11 analysts have issued 12 month price targets for Boralex's shares. Their BLX share price forecasts range from C$37.00 to C$55.00. On average, they expect the company's share price to reach C$49.83 in the next year. This suggests a possible upside of 14.4% from the stock's current price.
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Boralex's stock was trading at C$34.68 at the beginning of the year. Since then, BLX stock has increased by 25.6% and is now trading at C$43.56.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 11th 2022.
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Boralex Inc. (TSE:BLX) announced its quarterly earnings results on Wednesday, August, 3rd. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. The company earned $168 million during the quarter, compared to analysts' expectations of $176.80 million.

Boralex declared a quarterly dividend on Tuesday, August 30th. Investors of record on Friday, September 16th will be paid a dividend of 0.165 per share on Friday, September 16th. This represents a $0.66 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Tuesday, August 30th.
Read our dividend analysis for BLX.

Boralex (TSE:BLX) pays an annual dividend of C$0.66 per share and currently has a dividend yield of 1.49%. The dividend payout ratio is 115.79%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for BLX.

Based on aggregate information from My MarketBeat watchlists, some companies that other Boralex investors own include Fortis (FTS), Enbridge (ENB), Algonquin Power & Utilities (AQN), Bank of Nova Scotia (BNS), Pembina Pipeline (PPL), RioCan Real Estate Investment Trust (REI.UN), Power Financial (PWF), TC Energy (TRP), Air Canada (AC) and Bombardier, Inc. Class B (BBD.B).

Boralex trades on the Toronto Stock Exchange (TSX) under the ticker symbol "BLX."

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One share of BLX stock can currently be purchased for approximately C$43.56.

Boralex (TSE:BLX) has a market capitalization of C$4.48 billion and generates C$731 million in revenue each year.

The company employs 562 workers across the globe.

Boralex's mailing address is 36 Lajeunesse St, KINGSEY FALLS, QC J0A 1B0, Canada. The official website for the company is www.boralex.com. The company can be reached via phone at +1-819-3636363.