Boralex (TSE:BLX) had its target price lowered by Royal Bank of Canada from C$24.00 to C$22.00 in a research report issued on Monday. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 25.79% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. BMO Capital Markets boosted their price objective on Boralex from C$24.50 to C$26.00 in a research note on Tuesday, September 11th. Industrial Alliance Securities raised Boralex from a “buy” rating to a “strong-buy” rating and reduced their price objective for the stock from C$26.00 to C$22.00 in a research note on Tuesday, October 9th. National Bank Financial reduced their price objective on Boralex from C$25.50 to C$23.50 in a research note on Friday, October 5th. Raymond James reduced their price objective on 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, TD Securities reduced their price objective on 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. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$23.72.

Shares of TSE BLX opened at C$17.49 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.48 and a debt-to-equity ratio of 350.38. Boralex has a 1-year low of C$16.31 and a 1-year 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.

Featured Article: How Do Tariffs Affect Trade Balances?

Analyst Recommendations for Boralex (TSE:BLX)

Receive News & Ratings for Boralex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boralex and related companies with MarketBeat.com's FREE daily email newsletter.