Boralex (TSE:BLX) Given New C$35.00 Price Target at Cormark

Boralex (TSE:BLX) had its price objective trimmed by Cormark from C$47.00 to C$35.00 in a research report report published on Thursday,BayStreet.CA reports.

Several other research analysts have also weighed in on BLX. BMO Capital Markets dropped their price target on Boralex from C$46.00 to C$45.00 in a research report on Friday, November 15th. Scotiabank dropped their price target on Boralex from C$42.00 to C$36.00 and set a “sector perform” rating on the stock in a research report on Thursday. Finally, CIBC dropped their price target on Boralex from C$42.00 to C$40.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. One investment 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$40.88.

Boralex Stock Up 1.5 %

TSE:BLX opened at C$25.05 on Thursday. The firm has a market capitalization of C$2.57 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 2.01 and a beta of 0.46. Boralex has a 1-year low of C$24.40 and a 1-year high of C$36.68. The company has a current ratio of 0.95, a quick ratio of 1.54 and a debt-to-equity ratio of 175.24. The business’s fifty day moving average price is C$28.32 and its 200 day moving average price is C$31.93.

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.