Boralex (TSE:BLX) PT Set at C$45.00 by Desjardins

Desjardins set a C$45.00 price target on Boralex (TSE:BLX - Free Report) in a research report released on Wednesday,BayStreet.CA reports. The firm currently has a top pick rating on the stock.

A number of other research analysts have also issued reports on the company. Raymond James Financial raised Boralex to a "moderate buy" rating in a report on Thursday, May 15th. BMO Capital Markets dropped their price objective on Boralex from C$42.00 to C$39.00 in a report on Thursday, May 22nd. National Bank Financial raised Boralex to a "strong-buy" rating in a report on Sunday, June 8th. Finally, National Bankshares dropped their price objective on Boralex from C$43.00 to C$42.00 and set an "outperform" rating on the stock in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of C$39.22.

Boralex Stock Performance

Shares of TSE:BLX traded down C$0.41 during trading on Wednesday, reaching C$32.35. The company had a trading volume of 945,756 shares, compared to its average volume of 344,181. The firm has a market capitalization of C$3.37 billion, a price-to-earnings ratio of 47.43, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46. The company has a debt-to-equity ratio of 233.60, a current ratio of 0.86 and a quick ratio of 1.54. The stock's fifty day moving average price is C$31.03 and its 200 day moving average price is C$28.96. Boralex has a fifty-two week low of C$24.40 and a fifty-two week high of C$36.63.

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.