Boralex (TSE:BLX) Upgraded to “Strong-Buy” at National Bank Financial

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

A number of other research analysts have also recently commented on the company. BMO Capital Markets lowered their price target on Boralex from C$42.00 to C$39.00 in a report on Thursday, May 22nd. National Bankshares cut their target price on Boralex from C$43.00 to C$42.00 and set an “outperform” rating on the stock in a research report on Thursday, May 22nd. Finally, Raymond James raised Boralex to a “moderate buy” rating in a research report on Thursday, May 15th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and three have issued 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$39.38.

Boralex Trading Up 1.7%

Boralex stock opened at C$32.35 on Friday. The business has a 50-day simple moving average of C$30.18 and a two-hundred day simple moving average of C$28.82. 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.

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.