Boralex Inc. (TSE:BLX) Given Average Recommendation of “Buy” by Analysts

Boralex Inc. (TSE:BLXGet Free Report) has received a consensus recommendation of “Buy” from the seven research firms that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$43.38.

A number of brokerages have recently commented on BLX. CIBC lowered their price target on shares of Boralex from C$43.00 to C$42.00 in a report on Friday, November 15th. BMO Capital Markets decreased their target price on shares of Boralex from C$46.00 to C$45.00 in a research report on Friday, November 15th.

Check Out Our Latest Analysis on Boralex

Boralex Trading Down 1.0 %

Boralex stock opened at C$28.92 on Monday. The stock has a 50-day moving average price of C$31.30 and a 200 day moving average price of C$33.13. Boralex has a 52 week low of C$26.25 and a 52 week high of C$36.68. The stock has a market cap of C$2.97 billion, a PE ratio of 31.10, a P/E/G ratio of 2.01 and a beta of 0.46. The company has a current ratio of 0.95, a quick ratio of 1.54 and a debt-to-equity ratio of 175.24.

About Boralex

(Get Free Report

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.

Featured Articles

Analyst Recommendations for Boralex (TSE:BLX)

Receive News & Ratings for Boralex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boralex and related companies with MarketBeat.com's FREE daily email newsletter.