Boralex (TSE:BLX) Price Target Lowered to C$35.00 at Cormark

Boralex (TSE:BLX) had its price target lowered by equities researchers at Cormark from C$47.00 to C$35.00 in a research note issued on Thursday,BayStreet.CA reports. Cormark’s price objective points to a potential upside of 39.50% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. Scotiabank decreased their price objective on shares of Boralex from C$42.00 to C$36.00 and set a “sector perform” rating for the company in a report on Thursday. BMO Capital Markets decreased their price objective on shares of Boralex from C$46.00 to C$45.00 in a report on Friday, November 15th. Finally, CIBC decreased their price objective on shares of Boralex from C$42.00 to C$40.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Boralex presently has a consensus rating of “Buy” and an average target price of C$40.88.

Boralex Trading Up 1.6 %

Shares of Boralex stock traded up C$0.40 during trading on Thursday, hitting C$25.09. The stock had a trading volume of 84,556 shares, compared to its average volume of 336,542. The firm’s fifty day simple moving average is C$28.43 and its 200-day simple moving average is C$31.98. The stock has a market cap of C$2.58 billion, a PE ratio of 26.98, a PEG 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. Boralex has a 12 month low of C$24.40 and a 12 month high of C$36.68.

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.