Content and data provided by various third parties and Fidelity - Terms of Use
Print.Print
Small font size A Larger text size A Largest text size A

Boralex Price Target Raised at National Bank of Canada

BY MT Newswires | ECONOMIC | 06/18/25 10:56 AM EDT

10:56 AM EDT, 06/18/2025 (MT Newswires) -- Boralex (BRLXF) had its price target increased to C$43 from $42, while its Outperform rating remained unchanged, in a Wednesday note from National Bank of Canada.

The higher price target comes after the company outlined its financial targets for 2030, including a 8%-10% compounded annual growth rate.

National Bank expects investors to view the guidance positively given the company's consistent execution history.

"We have increased our target with increased confidence and visibility in its growth pipeline," National Bank said.

The price target was based on a DCF using a cost of equity of 8.25% and now includes $7 per share for growth, the bank added.

Boralex's (BRLXF) share price was up 2.1% at last look to $33.28 on the TSX.

Price: 33.28, Change: +0.70, Percent Change: +2.15

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

More Fixed Income News

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

© 1998 – 2014 FMR LLC.

All rights reserved.
fir_news_article