Boralex Inc. (TSE:BLX - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$29.22 and traded as high as C$31.78. Boralex shares last traded at C$31.51, with a volume of 238,633 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on BLX shares. BMO Capital Markets dropped their price target on shares of Boralex from C$42.00 to C$39.00 in a research report on Thursday, May 22nd. TD Securities increased their price target on Boralex from C$35.00 to C$38.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. National Bank Financial upgraded shares of Boralex to a "strong-buy" rating in a research note on Sunday, June 8th. National Bankshares boosted their price objective on shares of Boralex from C$42.00 to C$43.00 and gave the stock an "outperform" rating in a report on Thursday, June 19th. Finally, Desjardins set a C$45.00 price objective on shares of Boralex and gave the company a "top pick" rating in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Boralex has a consensus rating of "Buy" and a consensus price target of C$39.22.
View Our Latest Stock Report on Boralex
Boralex Price Performance
The company has a 50 day simple moving average of C$31.65 and a 200 day simple moving average of C$29.30. The company has a current ratio of 0.86, a quick ratio of 1.54 and a debt-to-equity ratio of 233.60. The stock has a market cap of C$3.31 billion, a P/E ratio of 46.66, a PEG ratio of 2.01 and a beta of 0.46.
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.
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