Boralex Inc. (TSE:BLX - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$28.93 and traded as high as C$33.30. Boralex shares last traded at C$32.66, with a volume of 331,978 shares trading hands.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the stock. BMO Capital Markets lowered their price objective on shares of Boralex from C$42.00 to C$39.00 in a research note on Thursday, May 22nd. National Bank Financial raised shares of Boralex to a "strong-buy" rating in a report on Sunday, June 8th. Desjardins set a C$45.00 price target on shares of Boralex and gave the company a "top pick" rating in a report on Wednesday. National Bankshares upped their price target on shares of Boralex from C$42.00 to C$43.00 and gave the company an "outperform" rating in a report on Thursday. Finally, TD Securities upped their price target on shares of Boralex from C$35.00 to C$38.00 and gave the company a "buy" rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$39.22.
Get Our Latest Stock Analysis on Boralex
Boralex Stock Performance
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 cap of C$3.37 billion, a price-to-earnings ratio of 47.43, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46. The company's 50-day simple moving average is C$31.03 and its 200-day simple moving average is C$28.95.
About Boralex
(
Get Free Report)
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.
Further Reading
Before you consider Boralex, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Boralex wasn't on the list.
While Boralex currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
