Boralex Inc. (BLX) to Post Q4 2017 Earnings of $0.27 Per Share, National Bank Financial Forecasts

Boralex Inc. (TSE:BLX) – Analysts at National Bank Financial boosted their Q4 2017 EPS estimates for shares of Boralex in a research note issued on Thursday, according to Zacks Investment Research. National Bank Financial analyst R. Merer now expects that the company will post earnings per share of $0.27 for the quarter, up from their previous estimate of $0.24.

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A number of other equities analysts also recently issued reports on BLX. Royal Bank of Canada increased their price target on Boralex from C$23.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Friday, May 5th. TD Securities reissued a “buy” rating and set a C$24.00 target price on shares of Boralex in a report on Friday, May 5th. Finally, Desjardins increased their target price on Boralex from C$23.50 to C$24.00 in a report on Monday, March 6th. Seven analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of C$23.50.

Shares of Boralex (TSE:BLX) traded up 0.65% during mid-day trading on Monday, reaching $21.81. The company had a trading volume of 66,077 shares. The company’s market capitalization is $1.65 billion. The stock has a 50 day moving average of $21.39 and a 200-day moving average of $19.67. Boralex has a 52 week low of $16.06 and a 52 week high of $22.14.

About Boralex

Boralex Inc is a power producer that develops, constructs and operates renewable energy power stations. The Company’s segments include wind, hydroelectric, thermal and solar. It operates an asset base with a capacity of approximately 1,260 megawatts (MW), of which over 1,090 MW are under its control, consisting of approximately 490 MW in Canada, over 520 MW in France and over 80 MW in the Northeastern United States.

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