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

Boralex Inc. (TSE:BLX) has received an average rating of “Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$43.13.

Several analysts have issued reports on BLX shares. CIBC reduced their price target on shares of Boralex from C$42.00 to C$40.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. BMO Capital Markets dropped their price target on Boralex from C$46.00 to C$45.00 in a research report on Friday, November 15th.

Boralex Trading Down 2.9 %

Shares of BLX stock opened at C$24.77 on Friday. Boralex has a fifty-two week low of C$24.57 and a fifty-two week high of C$36.68. The company has a quick ratio of 1.54, a current ratio of 0.95 and a debt-to-equity ratio of 175.24. The business has a fifty day simple moving average of C$28.53 and a 200-day simple moving average of C$32.03. The stock has a market cap of C$2.55 billion, a P/E ratio of 26.63, a P/E/G ratio of 2.01 and a beta of 0.46.

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.