Boralex (TSE:BLX) had its price objective cut by CIBC from C$24.50 to C$24.00 in a research report issued on Monday. CIBC’s price objective indicates a potential upside of 37.22% from the company’s current price.

A number of other research analysts have also weighed in on BLX. National Bank Financial decreased their target price on shares of Boralex from C$27.00 to C$25.50 and set an “outperform” rating on the stock in a research note on Friday, July 27th. TD Securities decreased their target price on shares of Boralex from C$26.00 to C$25.00 and set a “buy” rating on the stock in a research note on Monday, August 13th. BMO Capital Markets decreased their target price on shares of Boralex from C$25.50 to C$24.50 in a research note on Monday, August 13th. Raymond James decreased their target price on shares of Boralex from C$28.50 to C$25.00 and set a “strong-buy” rating on the stock in a research note on Monday, August 13th. Finally, Industrial Alliance Securities raised shares of Boralex from a “buy” rating to a “strong-buy” rating and decreased their target price for the stock from C$26.00 to C$22.00 in a research note on Tuesday, October 9th. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of C$23.72.

Shares of Boralex stock opened at C$17.49 on Monday. The company has a quick ratio of 0.48, a current ratio of 0.67 and a debt-to-equity ratio of 350.38. Boralex has a twelve month low of C$16.31 and a twelve month high of C$25.03.

About Boralex

Boralex Inc, together with its subsidiaries, develops, constructs, and operates renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2017, the company had interests in 55 wind power stations with an installed capacity of 1,237 megawatts (MW); 15 hydroelectric power stations with a capacity of 172 MW; 2 thermal power stations with an installed capacity of 47 MW; and 3 solar power facilities with an installed capacity of 16 MW.

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Analyst Recommendations for Boralex (TSE:BLX)

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