Boralex (TSE:BLX – Get Rating) had its target price lowered by Royal Bank of Canada from C$42.00 to C$40.00 in a report released on Monday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.
A number of other research firms have also recently commented on BLX. TD Securities decreased their target price on shares of Boralex from C$53.00 to C$50.00 and set a buy rating for the company in a research report on Thursday, November 10th. Credit Suisse Group decreased their target price on shares of Boralex to C$43.00 and set a neutral rating for the company in a research report on Tuesday, October 25th. National Bankshares decreased their target price on shares of Boralex from C$48.00 to C$47.00 and set an outperform rating for the company in a research report on Monday. CSFB decreased their target price on shares of Boralex from C$43.00 to C$36.00 in a research report on Monday. Finally, CIBC decreased their target price on shares of Boralex from C$46.00 to C$45.00 and set an outperform rating for the company in a research report on Thursday, November 10th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of C$44.58.
Boralex Price Performance
TSE BLX opened at C$37.78 on Monday. The company has a debt-to-equity ratio of 171.03, a quick ratio of 1.54 and a current ratio of 1.64. The firm’s 50 day moving average price is C$40.14 and its 200-day moving average price is C$42.71. Boralex has a 52-week low of C$30.04 and a 52-week high of C$51.55. The company has a market cap of C$3.88 billion and a PE ratio of 114.48.
Boralex Announces Dividend
Insiders Place Their Bets
In related news, Director Dany St-Pierre purchased 1,530 shares of the firm’s stock in a transaction on Wednesday, September 7th. The stock was acquired at an average price of C$46.21 per share, with a total value of C$70,695.96. Following the completion of the acquisition, the director now owns 1,530 shares in the company, valued at approximately C$70,695.96.
Boralex Company Profile
Boralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2021, the company had interests in 90 wind power stations with an installed capacity of 2,032 megawatts (MW); 16 hydroelectric power stations with a capacity of 181 MW; 12 solar power stations with an installed capacity of 244 MW; and one thermal power station with an installed capacity of 35 MW.
- Is the 60/40 Portfolio Mix Still in Vogue?
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Institutional Support for Analog Devices Remains High
- Three CBD Stocks to Dominate a Budding Industry
- Microsoft Shares: Is it Time to Back Up the Truck?
Receive News & Ratings for Boralex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boralex and related companies with MarketBeat.com's FREE daily email newsletter.