Brokerages Set Boralex Inc. (TSE:BLX) Target Price at C$43.38

Boralex Inc. (TSE:BLX) has been assigned an average recommendation of “Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$43.38.

Several research firms have commented on BLX. CIBC dropped their price objective on shares of Boralex from C$43.00 to C$42.00 in a report on Friday, November 15th. BMO Capital Markets dropped their price target on Boralex from C$46.00 to C$45.00 in a research note on Friday, November 15th.

Boralex Trading Up 0.7 %

BLX stock opened at C$29.17 on Monday. The company has a market capitalization of C$3.00 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 2.01 and a beta of 0.46. The company has a debt-to-equity ratio of 175.24, a current ratio of 0.95 and a quick ratio of 1.54. Boralex has a 1-year low of C$26.25 and a 1-year high of C$36.68. The business has a 50 day simple moving average of C$30.62 and a two-hundred day simple moving average of C$32.91.

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.