Boralex Inc. (TSE:BLX) Given Consensus Rating of "Buy" by Brokerages

Shares of Boralex Inc. (TSE:BLX - Get Free Report) have been given a consensus rating of "Buy" by the seven brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$39.22.

Several equities analysts have recently commented on the stock. National Bankshares upped their price objective on shares of Boralex from C$42.00 to C$43.00 and gave the stock an "outperform" rating in a report on Thursday, June 19th. BMO Capital Markets decreased their price objective on shares of Boralex from C$42.00 to C$39.00 in a report on Thursday, May 22nd. Raymond James Financial upgraded shares of Boralex to a "moderate buy" rating in a report on Thursday, May 15th. National Bank Financial upgraded shares of Boralex to a "strong-buy" rating in a report on Sunday, June 8th. Finally, TD Securities upped their price objective on shares of Boralex from C$35.00 to C$38.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th.

Boralex Trading Up 0.1%

TSE:BLX traded up C$0.02 on Friday, hitting C$32.92. The stock had a trading volume of 84,692 shares, compared to its average volume of 334,482. The company has a quick ratio of 1.54, a current ratio of 0.86 and a debt-to-equity ratio of 233.60. The stock has a market cap of C$3.43 billion, a price-to-earnings ratio of 48.26, a PEG ratio of 2.01 and a beta of 0.46. The company has a fifty day moving average price of C$31.48 and a two-hundred day moving average price of C$29.14. Boralex has a 1-year low of C$24.40 and a 1-year high of C$36.63.

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.