Boralex (TSE:BLX) Price Target Cut to C$40.00 by Analysts at CIBC

Boralex (TSE:BLX) had its target price decreased by CIBC from C$42.00 to C$40.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Separately, BMO Capital Markets lowered their target price on shares of Boralex from C$46.00 to C$45.00 in a report on Friday, November 15th. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Boralex currently has an average rating of “Buy” and an average price target of C$43.13.

Boralex Stock Down 5.6 %

TSE:BLX opened at C$27.40 on Wednesday. Boralex has a 1-year low of C$26.25 and a 1-year high of C$36.68. The company 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. The firm’s 50-day moving average price is C$30.32 and its 200-day moving average price is C$32.78. The company has a debt-to-equity ratio of 175.24, a current ratio of 0.95 and a quick ratio of 1.54.

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.