Boralex (TSE:BLX) Price Target Raised to C$32.00 at National Bank Financial
Boralex (TSE:BLX) had its price objective boosted by National Bank Financial from C$27.00 to C$32.00 in a report published on Thursday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
Several other research analysts have also commented on the company. CIBC raised their price target on Boralex from C$27.00 to C$28.00 in a research report on Thursday, January 30th. TD Securities raised their price target on Boralex from C$24.00 to C$25.00 and gave the company a buy rating in a research note on Friday, November 8th. Finally, Raymond James reiterated an outperform rating and set a C$26.00 target price on shares of Boralex in a research report on Friday, November 8th.
Shares of BLX traded up C$0.26 during midday trading on Thursday, hitting C$31.05. 313,255 shares of the stock were exchanged, compared to its average volume of 273,022. Boralex has a 52-week low of C$17.50 and a 52-week high of C$31.22. The stock has a fifty day simple moving average of C$26.68 and a 200 day simple moving average of C$23.46. The firm has a market cap of $2.97 billion and a P/E ratio of -272.63. The company has a debt-to-equity ratio of 465.31, a quick ratio of 0.61 and a current ratio of 0.81.
Boralex Inc, together with its subsidiaries, develops, constructs, and operates renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2018, the company had interests in 81 wind power stations with an installed capacity of 1,723 megawatts (MW); 15 hydroelectric power stations with a capacity of 156 MW; 2 thermal power stations with an installed capacity of 47 MW; and 3 solar power stations with an installed capacity of 16 MW.
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