Boralex (TSE:BLX) Given New C$41.00 Price Target at National Bankshares

Boralex (TSE:BLX) had its price objective lowered by research analysts at National Bankshares from C$43.00 to C$41.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 38.33% from the stock’s current price.

Several other brokerages have also recently issued reports on BLX. Scotiabank lowered their price target on Boralex from C$36.00 to C$35.00 and set a “sector perform” rating on the stock in a research report on Monday. BMO Capital Markets reduced their price objective on Boralex from C$42.00 to C$39.00 in a research note on Thursday, May 22nd. TD Securities raised their price objective on Boralex from C$35.00 to C$38.00 and gave the stock a “buy” rating in a research note on Wednesday, June 18th. National Bank Financial raised Boralex to a “strong-buy” rating in a research note on Sunday, June 8th. Finally, Desjardins set a C$45.00 price objective on Boralex and gave the stock a “top pick” rating in a research note on Wednesday, June 18th. One analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Boralex has a consensus rating of “Buy” and a consensus target price of C$38.89.

Boralex Stock Up 0.3%

Shares of BLX stock opened at C$29.64 on Monday. Boralex has a 1 year low of C$24.40 and a 1 year high of C$36.63. The stock has a market cap of C$3.09 billion, a PE ratio of 43.45, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46. The business’s fifty day moving average is C$31.70 and its 200-day moving average is C$29.78. The company has a debt-to-equity ratio of 233.60, a quick ratio of 1.54 and a current ratio of 0.86.

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.