<div id="readability-page-1"><p>Boralex Inc. (TSE:BLX - Get Free Report) reached a new 52-week low on Monday . The stock traded as low as C$23.53 and last traded at C$23.54, with a volume of 330176 shares trading hands. The stock had previously closed at C$24.41.</p><h2>Analyst Ratings Changes</h2><p>A number of equities analysts have recently issued reports on the company. National Bankshares dropped their price target on Boralex from C$43.00 to C$41.00 and set an &#34;outperform&#34; rating on the stock in a research note on Monday, August 11th. Desjardins lowered their target price on Boralex from C$45.00 to C$43.00 and set a &#34;top pick&#34; rating on the stock in a report on Tuesday, October 28th. CIBC cut their price target on Boralex from C$39.00 to C$38.00 in a research note on Monday, November 10th. Scotiabank reduced their price target on shares of Boralex from C$36.00 to C$35.00 and set a &#34;sector perform&#34; rating for the company in a research report on Monday, August 11th. Finally, Royal Bank Of Canada lowered their price objective on shares of Boralex from C$38.00 to C$36.00 in a research note on Monday, November 10th. Two analysts have rated the stock with a Strong Buy rating, three have issued  a Buy rating and one  has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Boralex presently has a consensus rating of &#34;Buy&#34; and an average target price of C$38.22.</p><p><b>Get Our Latest Analysis on BLX</b></p><h2>Boralex Trading Down 2.9%</h2><p>The stock has a 50-day moving average price of C$27.03 and a two-hundred day moving average price of C$29.26. The stock has a market capitalization of C$2.44 billion, a PE ratio of -107.73, a PEG ratio of 2.01 and a beta of 0.31. The company has a debt-to-equity ratio of 233.60, a quick ratio of 1.54 and a current ratio of 0.86. </p><p>Boralex (TSE:BLX - Get Free Report) last released its earnings results on Friday, November 7th. The company reported C($0.26) EPS for the quarter. The firm had revenue of C$157.00 million for the quarter. Boralex had a return on equity of 4.29% and a net margin of 7.55%. As a group, equities analysts forecast that  Boralex Inc. will post 1.3383764 earnings per share for the current year. </p><h2>Boralex Announces Dividend</h2><p>The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 15th will be given a dividend of $0.165 per share. The ex-dividend date is Friday, November 28th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.8%. Boralex's dividend payout ratio  is currently -300.00%. </p><h2>Boralex Company Profile</h2> (Get Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Boralex</li><li>The How And Why of Investing in Oil Stocks</li><li>5 Tech Stocks Insiders Are Selling (But Smart Investors Are Loading Up)</li><li>Compound Interest and Why It Matters When Investing</li><li>Why FuelCell Energy Stock Is Soaring After a Government Deal</li><li>Manufacturing Stocks Investing</li><li>SoftBank’s Next AI Move? DigitalBridge Rockets 46% on Takeover Buzz</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Boralex Right Now?</h2><p>Before you consider Boralex, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Boralex wasn't on the list.</p><p>While Boralex currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Boralex Inc. (TSE:BLX) hit a new 52-week low at C$23.54. Analysts have adjusted price targets, with a consensus "Buy" rating and an average target of C$38.22. The company announced a quarterly dividend of $0.165 per share, yielding 2.8%. Boralex's market cap is C$2.44 billion, with a PE ratio of -107.73 and a debt-to-equity ratio of 233.60.</p>

Boralex (TSE:BLX) Hits New 12-Month Low - What's Next?