Boralex (TSE:BLX) Hits New 1-Year Low - Time to Sell?

Boralex Inc. (TSE:BLX - Get Free Report) shares hit a new 52-week low during trading on Friday . The stock traded as low as C$26.12 and last traded at C$26.12, with a volume of 46522 shares traded. The stock had previously closed at C$27.00.

Analysts Set New Price Targets

A number of analysts recently issued reports on BLX shares. CIBC lowered their target price on Boralex from C$42.00 to C$40.00 and set an "outperform" rating on the stock in a research report on Wednesday. BMO Capital Markets lowered their target price on shares of Boralex from C$46.00 to C$45.00 in a report on Friday, November 15th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Boralex currently has a consensus rating of "Buy" and an average price target of C$43.13.

Boralex Stock Down 1.9 %

The stock has a market cap of C$2.72 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 2.01 and a beta of 0.46. The stock has a 50 day simple moving average of C$30.19 and a 200 day simple moving average of C$32.74. The company has a quick ratio of 1.54, a current ratio of 0.95 and a debt-to-equity ratio of 175.24.

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.