Raymond James Has Lowered Expectations for Boralex (TSE:BLX) Stock Price

Boralex (TSE:BLX) had its price objective trimmed by Raymond James from C$41.00 to C$39.00 in a research note published on Monday,BayStreet.CA reports.

A number of other analysts also recently weighed in on the company. National Bankshares decreased their price objective on Boralex from C$46.00 to C$43.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. CIBC lowered their price objective on Boralex from C$42.00 to C$40.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Scotiabank lowered their price objective on shares of Boralex from C$42.00 to C$36.00 and set a “sector perform” rating for the company in a research note on Thursday, January 30th. BMO Capital Markets cut their price objective on shares of Boralex from C$46.00 to C$45.00 in a research report on Friday, November 15th. Finally, Cormark reduced their price target on shares of Boralex from C$47.00 to C$35.00 in a research report on Thursday, January 30th. One analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$40.25.

Boralex Trading Up 0.1 %

TSE BLX opened at C$28.93 on Monday. The company has a quick ratio of 1.54, a current ratio of 0.86 and a debt-to-equity ratio of 233.60. The company has a market cap of C$3.01 billion, a price-to-earnings ratio of 42.41, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46. Boralex has a twelve month low of C$24.40 and a twelve month high of C$36.68. The business’s fifty day moving average is C$26.99 and its 200 day moving average is C$30.77.

Boralex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be issued a dividend of $0.165 per share. The ex-dividend date is Friday, February 28th. This represents a $0.66 dividend on an annualized basis and a yield of 2.28%. Boralex’s dividend payout ratio is currently 96.76%.

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.