Boralex (TSE:BLX) Sets New 12-Month Low – Should You Sell?

Boralex Inc. (TSE:BLX)’s share price reached a new 52-week low on Friday . The stock traded as low as C$26.12 and last traded at C$26.12, with a volume of 46522 shares trading hands. The stock had previously closed at C$27.00.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BLX. BMO Capital Markets reduced their target price on Boralex from C$46.00 to C$45.00 in a report on Friday, November 15th. CIBC dropped their target price on shares of Boralex from C$42.00 to C$40.00 and set an “outperform” rating for the company in a report on Wednesday. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$43.13.

Boralex Trading Down 3.4 %

The business has a fifty day moving average price of C$30.19 and a two-hundred day moving average price of C$32.74. The company has a current ratio of 0.95, a quick ratio of 1.54 and a debt-to-equity ratio of 175.24. The firm has a market capitalization of C$2.68 billion, a PE ratio of 28.05, a PEG ratio of 2.01 and a beta of 0.46.

Boralex Company Profile

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.