Boralex (TSE:BLX) Price Target Cut to C$39.00 by Analysts at Raymond James

Boralex (TSE:BLX) had its price objective decreased by Raymond James from C$41.00 to C$39.00 in a research note issued to investors on Monday morning,BayStreet.CA reports.

Several other research firms also recently weighed in on BLX. CIBC lowered their price target on shares of Boralex from C$42.00 to C$40.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Cormark dropped their price target on Boralex from C$47.00 to C$35.00 in a research note on Thursday, January 30th. Scotiabank reduced their target price on Boralex from C$42.00 to C$36.00 and set a “sector perform” rating on the stock in a report on Thursday, January 30th. BMO Capital Markets dropped their price objective on shares of Boralex from C$46.00 to C$45.00 in a research note on Friday, November 15th. Finally, National Bankshares lowered their price target on Boralex from C$46.00 to C$43.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. One analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$40.25.

Boralex Stock Down 1.9 %

Shares of TSE:BLX opened at C$29.12 on Monday. The company has a market cap of C$3.03 billion, a price-to-earnings ratio of 42.69, a PEG ratio of 2.01 and a beta of 0.46. Boralex has a one year low of C$24.40 and a one year high of C$36.68. The firm has a fifty day moving average price of C$27.00 and a two-hundred day moving average price of C$30.81. The company has a debt-to-equity ratio of 233.60, a current ratio of 0.86 and a quick ratio of 1.54.

Boralex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be given a $0.165 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.66 annualized dividend and a dividend yield of 2.27%. Boralex’s payout ratio is 96.76%.

Boralex Company Profile

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.