Boralex (TSE:BLX) Raised to Strong-Buy at National Bank Financial

National Bank Financial upgraded shares of Boralex (TSE:BLX - Free Report) to a strong-buy rating in a research report released on Sunday,Zacks.com reports.

BLX has been the topic of a number of other research reports. BMO Capital Markets lowered their target price on Boralex from C$42.00 to C$39.00 in a research report on Thursday, May 22nd. National Bankshares decreased their price target on Boralex from C$43.00 to C$42.00 and set an "outperform" rating for the company in a research note on Thursday, May 22nd. Finally, Raymond James upgraded Boralex to a "moderate buy" rating in a research note on Thursday, May 15th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$39.38.

Boralex Trading Up 1.7%

Shares of BLX traded up C$0.54 during trading hours on Friday, reaching C$32.35. The stock had a trading volume of 341,187 shares, compared to its average volume of 344,097. The company has a market cap of C$3.37 billion, a P/E ratio of 47.43, a P/E/G ratio of 2.01 and a beta of 0.46. Boralex has a 52 week low of C$24.40 and a 52 week high of C$36.63. 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 firm has a 50-day moving average of C$30.08 and a 200 day moving average of C$28.80.

About Boralex

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.