CIBC Lowers Boralex (TSE:BLX) Price Target to C$40.00

Boralex (TSE:BLX) had its price objective reduced by CIBC from C$42.00 to C$40.00 in a research note published on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, BMO Capital Markets lowered their price target on Boralex from C$46.00 to C$45.00 in a report on Friday, November 15th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$43.13.

Boralex Stock Down 5.6 %

Shares of TSE BLX opened at C$27.40 on Wednesday. The company has a debt-to-equity ratio of 175.24, a current ratio of 0.95 and a quick ratio of 1.54. The firm has a 50-day simple moving average of C$30.32 and a two-hundred day simple moving average of C$32.78. Boralex has a 1 year low of C$26.25 and a 1 year high of C$36.68. The company has a market cap of C$2.82 billion, a P/E ratio of 29.46, a PEG ratio of 2.01 and a beta of 0.46.

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.