Boralex Inc. (TSE:BLX - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.
Analyst Ratings Changes
BLX has been the subject of a number of recent analyst reports. Raymond James upgraded shares of Boralex to a "moderate buy" rating in a research report on Thursday, May 15th. National Bankshares reduced their price objective 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, BMO Capital Markets reduced their price objective on shares of Boralex from C$42.00 to C$39.00 in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of C$39.38.
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Boralex Price Performance
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 has a market capitalization of C$3.33 billion, a price-to-earnings ratio of 46.91, a P/E/G ratio of 2.01 and a beta of 0.46. The company has a 50-day moving average of C$29.89 and a 200-day moving average of C$28.78.
Insiders Place Their Bets
In other Boralex news, Director Patrick Decostre sold 8,671 shares of Boralex stock in a transaction that occurred on Monday, March 10th. The shares were 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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