Boralex Inc. (TSE:BLX) Receives Consensus Recommendation of “Buy” from Analysts

Boralex Inc. (TSE:BLX) has earned a consensus rating of “Buy” from the seven brokerages that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$43.13.

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets decreased their target price on shares of Boralex from C$46.00 to C$45.00 in a research note on Friday, November 15th. CIBC decreased their price objective on Boralex from C$42.00 to C$40.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th.

Boralex Price Performance

Shares of TSE:BLX opened at C$24.77 on Friday. 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 has a 12 month low of C$24.57 and a 12 month high of C$36.68. The firm has a market capitalization 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. The company’s fifty day moving average price is C$28.53 and its 200 day moving average price is C$32.03.

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.