Boralex (TSE:BLX) Price Target Cut to C$43.00 by Analysts at National Bankshares

Boralex (TSE:BLX - Free Report) had its target price lowered by National Bankshares from C$46.00 to C$43.00 in a research note published on Tuesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Other research analysts have also issued reports about the company. BMO Capital Markets reduced their target price on Boralex from C$46.00 to C$45.00 in a report on Friday, November 15th. CIBC reduced their target price on Boralex from C$42.00 to C$40.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. Cormark reduced their target price on Boralex from C$47.00 to C$35.00 in a report on Thursday, January 30th. Finally, Scotiabank reduced their target price on Boralex from C$42.00 to C$36.00 and set a "sector perform" rating on the stock in a report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of C$40.50.

Boralex Trading Up 0.9 %

Shares of TSE:BLX traded up C$0.22 during midday trading on Tuesday, hitting C$25.79. The company had a trading volume of 215,352 shares, compared to its average volume of 327,078. Boralex has a 12 month low of C$24.40 and a 12 month high of C$36.68. The company has a current ratio of 0.86, a quick ratio of 1.54 and a debt-to-equity ratio of 233.60. The stock has a market cap of C$2.68 billion, a price-to-earnings ratio of 37.81, a PEG ratio of 2.01 and a beta of 0.46. The firm has a fifty day simple moving average of C$27.34 and a 200 day simple moving average of C$31.27.

Boralex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Friday, February 28th. Boralex's dividend payout ratio (DPR) is presently 96.76%.

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.