Boralex (TSE:BLX) Price Target Raised to C$38.00

Boralex (TSE:BLX) had its price target increased by TD Securities from C$35.00 to C$38.00 in a report released on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities analysts have also issued reports about the company. Raymond James Financial raised Boralex to a “moderate buy” rating in a research report on Thursday, May 15th. National Bankshares dropped their price target on shares of Boralex from C$43.00 to C$42.00 and set an “outperform” rating for the company in a research note on Thursday, May 22nd. BMO Capital Markets reduced their price objective on shares of Boralex from C$42.00 to C$39.00 in a research note on Thursday, May 22nd. Desjardins set a C$45.00 price objective on shares of Boralex and gave the stock a “top pick” rating in a report on Wednesday. Finally, National Bank Financial upgraded shares of 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 assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$39.22.

Boralex Stock Down 1.3%

TSE BLX opened at C$32.35 on Wednesday. The stock has a market cap of C$3.37 billion, a PE ratio of 47.43, a P/E/G ratio of 2.01 and a beta of 0.46. Boralex has a fifty-two week low of C$24.40 and a fifty-two week high of C$36.63. The business has a 50 day moving average price of C$31.03 and a two-hundred day moving average price of C$28.96. The company has a quick ratio of 1.54, a current ratio of 0.86 and a debt-to-equity ratio of 233.60.

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.