National Bankshares Has Lowered Expectations for Boralex (TSE:BLX) Stock Price

Boralex (TSE:BLX) had its target price cut by equities research analysts at National Bankshares from C$46.00 to C$43.00 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 66.60% from the stock’s previous close.

Several other analysts have also recently weighed in on the stock. CIBC lowered their price objective on shares of Boralex from C$42.00 to C$40.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. BMO Capital Markets reduced their target price on Boralex from C$46.00 to C$45.00 in a research note on Friday, November 15th. Scotiabank dropped their price target on 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. Finally, Cormark cut their price objective on Boralex from C$47.00 to C$35.00 in a report on Thursday, January 30th. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Boralex has a consensus rating of “Buy” and an average target price of C$40.50.

Boralex Stock Up 1.7 %

BLX stock opened at C$25.81 on Tuesday. The company’s 50 day moving average is C$27.49 and its 200 day moving average is C$31.37. The stock has a market cap of C$2.65 billion, a price-to-earnings ratio of 27.75, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46. The company has a current ratio of 0.95, a quick ratio of 1.54 and a debt-to-equity ratio of 175.24. Boralex has a 1-year low of C$24.40 and a 1-year high of C$36.68.

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.