Shares of Boralex Inc. (TSE:BLX - Get Free Report) have been given a consensus recommendation of "Buy" by the seven analysts that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$43.38.
A number of research firms have issued reports on BLX. Cormark boosted their price target on Boralex from C$45.00 to C$47.00 in a research note on Thursday, August 15th. CIBC dropped their price objective on shares of Boralex from C$43.00 to C$42.00 in a report on Friday, November 15th. BMO Capital Markets decreased their price target on shares of Boralex from C$46.00 to C$45.00 in a research report on Friday, November 15th. Raymond James lifted their price target on shares of Boralex from C$38.00 to C$41.00 in a research note on Thursday, August 15th. Finally, Royal Bank of Canada upped their price objective on Boralex from C$36.00 to C$38.00 in a research note on Thursday, August 15th.
Read Our Latest Report on BLX
Boralex Stock Performance
Shares of BLX stock traded down C$0.27 on Thursday, reaching C$29.64. The stock had a trading volume of 349,360 shares, compared to its average volume of 263,287. The company has a debt-to-equity ratio of 175.24, a quick ratio of 1.54 and a current ratio of 0.95. Boralex has a 1 year low of C$26.25 and a 1 year high of C$36.68. The stock has a market cap of C$3.05 billion, a P/E ratio of 32.16, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46. The company has a 50 day simple moving average of C$33.41 and a 200 day simple moving average of C$33.35.
Boralex Company Profile
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Get Free ReportBoralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities in Canada, France, the United States, and the United Kingdom. It generates electricity from wind, solar, and hydroelectric resources. As of December 31, 2023, the company operates 100 wind farms; 12 solar energy facilities; 15 hydroelectric power stations; and 2 storage units with an installed capacity of 1,819 megawatts (MW) in North America and 1,259 MW in Europe.
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