Boralex Inc. (TSE:BLX) Receives C$43.13 Average Price Target from Analysts

Boralex Inc. (TSE:BLX) has received an average recommendation of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$43.13.

A number of equities research analysts recently issued reports on the company. BMO Capital Markets dropped their target price on Boralex from C$46.00 to C$45.00 in a research report on Friday, November 15th. 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.

Boralex Stock Performance

BLX opened at C$25.63 on Friday. The company has a market capitalization of C$2.63 billion, a price-to-earnings ratio of 27.56, a P/E/G ratio of 2.01 and a beta of 0.46. The business’s 50-day moving average price is C$28.74 and its two-hundred day moving average price is C$32.15. Boralex has a 1 year low of C$25.55 and a 1 year high of C$36.68. The company has a debt-to-equity ratio of 175.24, a current ratio of 0.95 and a quick ratio of 1.54.

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.