Boralex Inc. (TSE:BLX) Receives C$43.38 Consensus PT from Analysts

Shares of Boralex Inc. (TSE:BLX) have earned a consensus recommendation of “Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$43.38.

Several research firms recently commented on BLX. BMO Capital Markets dropped their target price on Boralex from C$46.00 to C$45.00 in a research note on Friday, November 15th. CIBC cut their price objective on shares of Boralex from C$43.00 to C$42.00 in a report on Friday, November 15th.

Boralex Stock Up 0.3 %

BLX stock opened at C$28.71 on Monday. The company has a 50 day moving average price of C$30.86 and a two-hundred day moving average price of C$33.01. The company has a debt-to-equity ratio of 175.24, a quick ratio of 1.54 and a current ratio of 0.95. The stock has a market capitalization of C$2.95 billion, a P/E ratio of 30.87, a PEG ratio of 2.01 and a beta of 0.46. Boralex has a one year low of C$26.25 and a one year high of C$36.68.

Boralex Company Profile

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.