Boralex (BLX) PT Lowered to C$23.50 at National Bank Financial

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Boralex (TSE:BLX) had its price objective trimmed by National Bank Financial from C$25.50 to C$23.50 in a research note published on Wednesday morning.

A number of other analysts have also recently weighed in on the stock. CIBC lowered their target price on shares of Boralex from C$24.50 to C$24.00 in a research note on Monday, November 12th. Royal Bank of Canada cut their target price on shares of Boralex from C$24.00 to C$22.00 and set an outperform rating for the company in a research note on Monday, November 12th. TD Securities decreased their target price on shares of Boralex from C$22.00 to C$21.00 in a report on Monday, November 12th. BMO Capital Markets decreased their price target on shares of Boralex from C$26.00 to C$24.00 in a report on Tuesday, November 6th. Finally, Industrial Alliance Securities upgraded shares of Boralex from a buy rating to a strong-buy rating and dropped their price target for the stock from C$26.00 to C$22.00 in a research report on Tuesday, October 9th. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Boralex currently has a consensus rating of Buy and an average price target of C$23.44.

Shares of TSE:BLX opened at C$18.02 on Wednesday. Boralex has a one year low of C$15.96 and a one year high of C$25.03. The company has a debt-to-equity ratio of 356.49, a current ratio of 0.67 and a quick ratio of 0.47.

Boralex (TSE:BLX) last released its quarterly earnings results on Friday, November 9th. The company reported C($0.43) earnings per share for the quarter, missing the Zacks’ consensus estimate of C($0.38) by C($0.05). The firm had revenue of C$79.00 million during the quarter, compared to the consensus estimate of C$88.00 million. Sell-side analysts expect that Boralex will post 0.469999960635192 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 17th. Shareholders of record on Monday, December 17th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Thursday, November 29th. This is an increase from Boralex’s previous quarterly dividend of $0.16. Boralex’s dividend payout ratio is -290.09%.

In other Boralex news, Director Sylvain Aird sold 2,257 shares of the stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of C$16.25, for a total value of C$36,676.25.

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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Analyst Recommendations for Boralex (TSE:BLX)

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