National Bank Financial Increases Boralex (BLX) Price Target to C$24.00
Boralex (TSE:BLX) had its price target lifted by research analysts at National Bank Financial from C$23.50 to C$24.00 in a report released on Tuesday. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 31.36% from the company’s current price.
A number of other equities research analysts have also recently issued reports on BLX. CIBC lowered their price objective on Boralex from C$24.50 to C$24.00 in a research note on Monday, November 12th. TD Securities lowered their price objective on Boralex from C$22.00 to C$21.00 in a research note on Monday, November 12th. Royal Bank of Canada lowered their price objective on Boralex from C$24.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Monday, November 12th. Finally, BMO Capital Markets lowered their price objective on Boralex from C$26.00 to C$24.00 in a research note on Tuesday, November 6th. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Boralex currently has a consensus rating of “Buy” and an average target price of C$23.38.
Shares of Boralex stock opened at C$18.27 on Tuesday. Boralex has a 52-week low of C$15.96 and a 52-week high of C$23.76. The stock has a market capitalization of $1.64 billion and a P/E ratio of -86.18. The company has a current ratio of 0.67, a quick ratio of 0.47 and a debt-to-equity ratio of 356.49.
Boralex Company Profile
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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