Boralex (TSE:BLX) Sets New 12-Month Low – Here’s What Happened

Boralex Inc. (TSE:BLXGet Free Report)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$25.74 and last traded at C$25.81, with a volume of 30862 shares traded. The stock had previously closed at C$26.18.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BLX shares. CIBC cut their price objective on shares of Boralex from C$42.00 to C$40.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. BMO Capital Markets dropped their target price on shares of Boralex from C$46.00 to C$45.00 in a research report on Friday, November 15th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Boralex has a consensus rating of “Buy” and a consensus target price of C$43.13.

Check Out Our Latest Stock Analysis on BLX

Boralex Trading Down 1.9 %

The company has a debt-to-equity ratio of 175.24, a current ratio of 0.95 and a quick ratio of 1.54. The firm has a market capitalization of C$2.64 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46. The business’s 50-day moving average price is C$29.14 and its 200-day moving average price is C$32.31.

About Boralex

(Get Free Report)

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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