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

Boralex (TSE:BLX - Free Report) had its target price reduced by CIBC from C$42.00 to C$40.00 in a report released on Wednesday,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Separately, BMO Capital Markets decreased their target price on shares of Boralex from C$46.00 to C$45.00 in a report on Friday, November 15th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of C$43.13.

Boralex Trading Down 5.6 %

Shares of TSE BLX traded down C$1.63 during trading on Wednesday, hitting C$27.40. 508,374 shares of the company were exchanged, compared to its average volume of 250,823. The company has a fifty day moving average price of C$30.32 and a 200-day moving average price of C$32.78. The company has a debt-to-equity ratio of 175.24, a quick ratio of 1.54 and a current ratio of 0.95. The firm has a market capitalization of C$2.82 billion, a PE ratio of 29.46, a P/E/G ratio of 2.01 and a beta of 0.46. Boralex has a 12-month low of C$26.25 and a 12-month high of C$36.68.

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.