Boralex (TSE:BLX) Given a C$45.00 Price Target by Desjardins Analysts

Boralex (TSE:BLX - Get Free Report) received a C$45.00 price objective from equities researchers at Desjardins in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a "top pick" rating on the stock. Desjardins' price target would suggest a potential upside of 36.86% from the stock's current price.

BLX has been the subject of a number of other reports. National Bank Financial raised shares of Boralex to a "strong-buy" rating in a research note on Sunday, June 8th. BMO Capital Markets lowered their target price on Boralex from C$42.00 to C$39.00 in a research report on Thursday, May 22nd. Raymond James Financial raised Boralex to a "moderate buy" rating in a research note on Thursday, May 15th. Finally, National Bankshares lowered their target price on shares of Boralex from C$43.00 to C$42.00 and set an "outperform" rating on the stock in a research note 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of C$39.11.

Boralex Stock Up 0.9%

Shares of BLX traded up C$0.30 during trading on Wednesday, reaching C$32.88. The company's stock had a trading volume of 108,827 shares, compared to its average volume of 339,076. The company has a market cap of C$3.42 billion, a price-to-earnings ratio of 48.20, a P/E/G ratio of 2.01 and a beta of 0.46. 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 company has a fifty day moving average of C$30.77 and a two-hundred day moving average of C$28.90. Boralex has a twelve month low of C$24.40 and a twelve month 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.

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