Boralex Inc. (TSE:BLX) Given Average Recommendation of “Buy” by Brokerages

Shares of Boralex Inc. (TSE:BLX) have been assigned an average rating of “Buy” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$43.38.

A number of brokerages recently issued reports on BLX. CIBC decreased their target price on Boralex from C$43.00 to C$42.00 in a research report on Friday, November 15th. BMO Capital Markets reduced their price objective on Boralex from C$46.00 to C$45.00 in a research note on Friday, November 15th.

Boralex Stock Performance

TSE BLX opened at C$28.92 on Monday. The company has a fifty day moving average of C$31.30 and a two-hundred day moving average of C$33.13. The company has a market capitalization of C$2.97 billion, a PE ratio of 31.10, a P/E/G ratio of 2.01 and a beta of 0.46. Boralex has a 1 year low of C$26.25 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.