Boralex Inc. (TSE:BLX - Get Free Report) has received a consensus recommendation of "Buy" from the six ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, two have given a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$39.38.
BLX has been the subject of several recent analyst reports. BMO Capital Markets lowered their target price on Boralex from C$42.00 to C$39.00 in a research note on Thursday, May 22nd. National Bankshares reduced their target price on Boralex from C$43.00 to C$42.00 and set an "outperform" rating for the company in a research note on Thursday, May 22nd. National Bank Financial upgraded shares of Boralex to a "strong-buy" rating in a research note on Sunday. Finally, Raymond James raised shares of Boralex to a "moderate buy" rating in a report on Thursday, May 15th.
Read Our Latest Report on BLX
Boralex Stock Down 0.4%
Shares of BLX stock traded down C$0.13 on Tuesday, hitting C$32.22. The stock had a trading volume of 287,049 shares, compared to its average volume of 343,587. The stock's 50 day moving average is C$30.18 and its 200-day moving average is C$28.82. The firm has a market capitalization of C$3.35 billion, a price-to-earnings ratio of 47.24, a P/E/G ratio of 2.01 and a beta of 0.46. Boralex has a 52-week low of C$24.40 and a 52-week high of C$36.63. The company has a debt-to-equity ratio of 233.60, a quick ratio of 1.54 and a current ratio of 0.86.
Boralex Company Profile
(
Get Free ReportBoralex 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.
Recommended Stories
Before you consider Boralex, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Boralex wasn't on the list.
While Boralex currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
