Boralex Inc. (TSE:BLX) Receives C$43.38 Consensus PT from Brokerages

Shares of Boralex Inc. (TSE:BLX) have been given a consensus recommendation of “Buy” by the seven analysts that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$43.38.

A number of equities analysts recently issued reports on the stock. BMO Capital Markets dropped their price objective on shares of Boralex from C$46.00 to C$45.00 in a report on Friday, November 15th. CIBC cut their price objective on shares of Boralex from C$43.00 to C$42.00 in a research report on Friday, November 15th.

Boralex Trading Up 0.7 %

Shares of TSE:BLX opened at C$29.17 on Monday. The stock’s 50-day simple moving average is C$30.62 and its two-hundred day simple moving average is C$32.95. The stock 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. Boralex has a 52-week low of C$26.25 and a 52-week high of C$36.68. The company has a debt-to-equity ratio of 175.24, a quick ratio of 1.54 and a current ratio of 0.95.

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.