Boralex (TSE:BLX) Stock Price Expected to Rise, TD Securities Analyst Says

Boralex (TSE:BLX) had its target price raised by TD Securities from C$35.00 to C$38.00 in a research report report published on Wednesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other research analysts also recently commented on the company. Raymond James Financial raised Boralex to a “moderate buy” rating in a research note on Thursday, May 15th. Desjardins set a C$45.00 price objective on shares of Boralex and gave the stock a “top pick” rating in a research report on Wednesday. BMO Capital Markets cut their target price on shares of Boralex from C$42.00 to C$39.00 in a research report on Thursday, May 22nd. National Bankshares decreased their target price on shares of Boralex from C$43.00 to C$42.00 and set an “outperform” rating on the stock in a research note on Thursday, May 22nd. Finally, National Bank Financial upgraded Boralex to a “strong-buy” rating in a research note on Sunday, June 8th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$39.11.

Boralex Price Performance

Boralex stock opened at C$32.66 on Wednesday. The company has a debt-to-equity ratio of 233.60, a quick ratio of 1.54 and a current ratio of 0.86. Boralex has a 52 week low of C$24.40 and a 52 week high of C$36.63. The stock has a market capitalization of C$3.40 billion, a P/E ratio of 47.88, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46. The stock has a fifty day moving average of C$30.87 and a 200-day moving average of C$28.93.

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.