Boralex (TSE:BLX) Given New C$40.00 Price Target at CIBC

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

Separately, BMO Capital Markets dropped 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$43.13.

Boralex Stock Performance

Shares of TSE:BLX opened at C$26.48 on Wednesday. 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 has a 1 year low of C$25.83 and a 1 year high of C$36.68. The firm has a market capitalization of C$2.72 billion, a PE ratio of 28.47, a P/E/G ratio of 2.01 and a beta of 0.46. The business’s 50 day moving average price is C$30.19 and its 200-day moving average price is C$32.74.

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.