Shares of Boralex Inc. (TSE:BLX - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$29.05 and traded as high as C$32.09. Boralex shares last traded at C$31.64, with a volume of 171,018 shares trading hands.
Analysts Set New Price Targets
Several research analysts recently weighed in on the company. Raymond James Financial upgraded Boralex to a "moderate buy" rating in a research note on Thursday, May 15th. Desjardins set a C$45.00 price objective on Boralex and gave the company a "top pick" rating in a research report on Wednesday, June 18th. TD Securities lifted their price objective on Boralex from C$35.00 to C$38.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th. BMO Capital Markets reduced their target price on shares of Boralex from C$42.00 to C$39.00 in a research report on Thursday, May 22nd. Finally, National Bank Financial upgraded Boralex to a "strong-buy" rating in a research report on Sunday, June 8th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$39.22.
Check Out Our Latest Stock Analysis on Boralex
Boralex Trading Up 1.9%
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 cap of C$3.36 billion, a price-to-earnings ratio of 47.27, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46. The company has a 50 day moving average of C$31.36 and a 200-day moving average of C$29.07.
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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