Boralex Inc. (TSE:BLX - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$28.68 and traded as high as C$36.86. Boralex shares last traded at C$36.77, with a volume of 392,506 shares.
Wall Street Analyst Weigh In
Several research firms recently weighed in on BLX. Canadian Imperial Bank of Commerce cut their price objective on Boralex from C$37.00 to C$36.00 in a research report on Wednesday, January 21st. TD Securities cut Boralex from a "buy" rating to a "sell" rating and boosted their price objective for the stock from C$32.00 to C$37.25 in a research report on Thursday, March 26th. Scotiabank cut their price target on Boralex from C$41.00 to C$39.00 and set an "outperform" rating for the company in a report on Wednesday, January 21st. Finally, National Bank Financial set a C$39.00 price target on Boralex and gave the company an "outperform" rating in a report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$38.46.
Check Out Our Latest Analysis on Boralex
Boralex Stock Performance
The firm has a fifty day simple moving average of C$33.22 and a 200 day simple moving average of C$28.68. The company has a current ratio of 1.29, a quick ratio of 1.54 and a debt-to-equity ratio of 323.15. The stock has a market cap of C$3.78 billion, a price-to-earnings ratio of 612.83, a PEG ratio of 2.01 and a beta of 0.26.
Boralex (TSE:BLX - Get Free Report) last posted its quarterly earnings results on Friday, February 27th. The company reported C$0.13 EPS for the quarter. The firm had revenue of C$258.00 million during the quarter. Boralex had a return on equity of 0.45% and a net margin of 0.84%. As a group, sell-side analysts expect that Boralex Inc. will post 1.3383764 earnings per share for the current year.
Boralex Company Profile
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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. The company generates the vast majority of its revenue from the sale of energy through long-term contracts to customers in Canada, France, and the United States.
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