Boralex (TSE:BLX - Free Report) had its price objective reduced by Cormark from C$47.00 to C$35.00 in a research report sent to investors on Thursday,BayStreet.CA reports.
A number of other research analysts also recently commented on the stock. BMO Capital Markets cut their target price on shares of Boralex from C$46.00 to C$45.00 in a research report on Friday, November 15th. Scotiabank dropped their price objective on shares of Boralex from C$42.00 to C$36.00 and set a "sector perform" rating on the stock in a research note on Thursday. Finally, CIBC reduced 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 research note on Wednesday, January 8th. One research 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. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$40.88.
View Our Latest Research Report on Boralex
Boralex Stock Down 5.1 %
Shares of Boralex stock traded down C$1.32 during trading on Thursday, hitting C$24.52. 334,642 shares of the stock traded hands, compared to its average volume of 356,114. 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 stock's fifty day simple moving average is C$28.24 and its 200 day simple moving average is C$31.85. The firm has a market cap of C$2.52 billion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46. Boralex has a 52-week low of C$24.40 and a 52-week high of C$36.68.
Boralex Company Profile
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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.
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