Boralex Inc. (TSE:BLX - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$36.87 and last traded at C$36.73, with a volume of 259727 shares trading hands. The stock had previously closed at C$36.75.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on BLX shares. National Bank Financial set a C$39.00 price objective on shares of Boralex and gave the stock an "outperform" rating in a report on Tuesday, March 24th. TD Securities downgraded shares of Boralex from a "buy" rating to a "sell" rating and increased their price target for the stock from C$32.00 to C$37.25 in a research report on Thursday, March 26th. Canadian Imperial Bank of Commerce dropped their price target on shares of Boralex from C$37.00 to C$36.00 in a research note on Wednesday, January 21st. Finally, Scotiabank cut their price objective on shares of Boralex from C$41.00 to C$39.00 and set an "outperform" rating for the company in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$38.46.
Get Our Latest Analysis on BLX
Boralex Trading Down 0.0%
The stock has a 50-day moving average price of C$31.28 and a two-hundred day moving average price of C$28.08. The stock has a market capitalization of C$3.78 billion, a PE ratio of 612.33, a PEG ratio of 2.01 and a beta of 0.04. The company has a debt-to-equity ratio of 323.15, a quick ratio of 1.54 and a current ratio of 1.29.
Boralex (TSE:BLX - Get Free Report) last released its earnings results on Friday, February 27th. The company reported C$0.13 earnings per share (EPS) for the quarter. Boralex had a net margin of 0.84% and a return on equity of 0.45%. The company had revenue of C$258.00 million during the quarter. As a group, equities analysts forecast that Boralex Inc. will post 1.3383764 earnings per share for the current year.
About Boralex
(
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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. The company generates the vast majority of its revenue from the sale of energy through long-term contracts to customers in Canada, France, and the United States.
Further Reading
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