National Bank Financial Boosts Boralex (TSE:BLX) Price Target to C$32.00
Boralex (TSE:BLX) had its target price upped by National Bank Financial from C$27.00 to C$32.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
Several other equities research analysts have also weighed in on the stock. CIBC increased their price objective on shares of Boralex from C$27.00 to C$28.00 in a research note on Thursday, January 30th. TD Securities raised their target price on shares of Boralex from C$24.00 to C$25.00 and gave the stock a buy rating in a report on Friday, November 8th. Finally, Raymond James reiterated an outperform rating and issued a C$26.00 target price on shares of Boralex in a research report on Friday, November 8th.
BLX traded up C$0.26 on Thursday, hitting C$31.05. 313,255 shares of the company’s stock were exchanged, compared to its average volume of 273,022. The firm has a market cap of $2.97 billion and a PE ratio of -272.63. Boralex has a twelve month low of C$17.50 and a twelve month high of C$31.22. The stock has a fifty day moving average of C$26.68 and a two-hundred day moving average of C$23.46. The company has a current ratio of 0.81, a quick ratio of 0.61 and a debt-to-equity ratio of 465.31.
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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