Boralex Inc. (TSE:BLX - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$28.77 and traded as high as C$31.43. Boralex shares last traded at C$31.10, with a volume of 124,681 shares traded.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on BLX shares. BMO Capital Markets reduced their price objective on Boralex from C$42.00 to C$39.00 in a research note on Thursday, May 22nd. National Bankshares reduced their price objective on Boralex from C$43.00 to C$42.00 and set an "outperform" rating for the company in a research note on Thursday, May 22nd. Finally, Raymond James raised Boralex to a "moderate buy" rating in a research report on Thursday, May 15th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Boralex presently has a consensus rating of "Buy" and a consensus price target of C$39.38.
Read Our Latest Research Report on BLX
Boralex Trading Down 1.2%
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 50-day moving average price of C$29.72 and a 200 day moving average price of C$28.76. The firm has a market cap of C$3.27 billion, a price-to-earnings ratio of 46.08, a PEG ratio of 2.01 and a beta of 0.46.
Insider Buying and Selling
In related news, Director Ricky Fontaine bought 1,000 shares of the business's stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of C$29.10 per share, for a total transaction of C$29,100.00. Also, Director Patrick Decostre sold 8,671 shares of Boralex stock in a transaction dated Monday, March 10th. The stock was sold at an average price of C$30.00, for a total value of C$260,130.00. 0.16% of the stock is owned by corporate insiders.
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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