Shares of Boralex Inc. (TSE:BLX - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$28.75 and traded as high as C$32.14. Boralex shares last traded at C$31.98, with a volume of 304,486 shares changing hands.
Analyst Ratings Changes
Several analysts recently commented on BLX shares. BMO Capital Markets reduced their price target on shares of Boralex from C$42.00 to C$39.00 in a research report on Thursday, May 22nd. National Bankshares reduced their price target on shares of Boralex from C$43.00 to C$42.00 and set an "outperform" rating for the company in a research report on Thursday, May 22nd. Finally, Raymond James upgraded shares of Boralex to a "moderate buy" rating in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of C$39.38.
Check Out Our Latest Analysis on Boralex
Boralex Stock Performance
The company has a market cap of C$3.31 billion, a PE ratio of 46.68, a P/E/G ratio of 2.01 and a beta of 0.46. The company has a debt-to-equity ratio of 233.60, a quick ratio of 1.54 and a current ratio of 0.86. The stock's 50-day simple moving average is C$30.02 and its 200 day simple moving average is C$28.80.
Insider Transactions at Boralex
In other news, Director Patrick Decostre sold 8,671 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of C$30.00, for a total transaction of C$260,130.00. Corporate insiders own 0.16% of the company's stock.
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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