Brokerages Set Boralex Inc. (TSE:BLX) Target Price at C$43.38

Boralex Inc. (TSE:BLX) has received an average rating of “Buy” from the seven research firms that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$43.38.

Several research analysts have issued reports on the company. CIBC dropped their target price on Boralex from C$43.00 to C$42.00 in a research report on Friday, November 15th. BMO Capital Markets dropped their price objective on Boralex from C$46.00 to C$45.00 in a report on Friday, November 15th.

Boralex Price Performance

Boralex stock opened at C$29.17 on Monday. Boralex has a 12-month low of C$26.25 and a 12-month high of C$36.68. The company has a current ratio of 0.95, a quick ratio of 1.54 and a debt-to-equity ratio of 175.24. The firm has a 50-day moving average price of C$30.62 and a 200-day moving average price of C$32.91. The firm has a market capitalization of C$3.00 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46.

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.