Boralex Inc. (TSE:BLX - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$29.66 and traded as high as C$30.83. Boralex shares last traded at C$30.73, with a volume of 460,380 shares changing hands.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on BLX shares. Raymond James Financial upgraded shares of Boralex to a "moderate buy" rating in a research note on Thursday, May 15th. National Bankshares lifted their target price on Boralex from C$42.00 to C$43.00 and gave the stock an "outperform" rating in a research report on Thursday, June 19th. Desjardins set a C$45.00 target price on Boralex and gave the company a "top pick" rating in a research report on Wednesday, June 18th. National Bank Financial upgraded Boralex to a "strong-buy" rating in a research note on Sunday, June 8th. Finally, Scotiabank lowered shares of Boralex from an "outperform" rating to a "sector perform" rating and set a C$36.00 target price on the stock. in a research report on Friday, July 18th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of C$39.22.
View Our Latest Stock Analysis on BLX
Boralex Trading Up 0.5%
The company has a fifty day moving average of C$31.86 and a two-hundred day moving average of C$29.66. 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 capitalization of C$3.20 billion, a price-to-earnings ratio of 45.05, a P/E/G ratio of 2.01 and a beta of 0.46.
Boralex Company Profile
(
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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.
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