Boralex (TSE:BLX) had its price target increased by CIBC from C$25.00 to C$26.50 in a research note released on Friday, BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the stock. Raymond James reiterated an outperform rating and issued a C$26.00 price target on shares of Boralex in a research note on Friday, November 8th. National Bank Financial upped their price target on shares of Boralex from C$25.00 to C$26.00 and gave the stock an outperform rating in a research note on Friday, November 8th. BMO Capital Markets upped their price target on shares of Boralex from C$23.00 to C$26.00 in a research note on Monday, September 9th. Finally, TD Securities upped their price target on shares of Boralex from C$24.00 to C$25.00 and gave the stock a buy rating in a research note on Friday, November 8th.

Shares of Boralex stock opened at C$24.71 on Friday. The stock has a market cap of $2.39 billion and a price-to-earnings ratio of -216.75. The firm’s 50-day moving average is C$22.88 and its 200 day moving average is C$21.01. Boralex has a 1 year low of C$15.96 and a 1 year high of C$24.93. The company has a debt-to-equity ratio of 465.31, a current ratio of 0.81 and a quick ratio of 0.61.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Tuesday, November 26th. Boralex’s dividend payout ratio is currently -578.95%.

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, 2018, the company had interests in 81 wind power stations with an installed capacity of 1,723 megawatts (MW); 15 hydroelectric power stations with a capacity of 156 MW; 2 thermal power stations with an installed capacity of 47 MW; and 3 solar power stations with an installed capacity of 16 MW.

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