Boralex (TSE:BLX) Given New C$43.00 Price Target at National Bankshares

Boralex (TSE:BLX) had its price objective reduced by National Bankshares from C$46.00 to C$43.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other brokerages also recently issued reports on BLX. Cormark dropped their price target on shares of Boralex from C$47.00 to C$35.00 in a report on Thursday, January 30th. CIBC dropped their target price on shares of Boralex from C$42.00 to C$40.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Scotiabank cut their target price on shares of Boralex from C$42.00 to C$36.00 and set a “sector perform” rating for the company in a research report on Thursday, January 30th. Finally, BMO Capital Markets lowered their price target on Boralex from C$46.00 to C$45.00 in a report on Friday, November 15th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Boralex currently has an average rating of “Buy” and an average price target of C$40.50.

Boralex Trading Down 0.1 %

Boralex stock opened at C$25.37 on Tuesday. Boralex has a one year low of C$24.40 and a one year high of C$36.68. The business’s fifty day moving average is C$27.57 and its 200 day moving average is C$31.41. The stock has a market capitalization of C$2.61 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46. The company has a debt-to-equity ratio of 175.24, a current ratio of 0.95 and a quick ratio of 1.54.

About Boralex

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.