Boralex Inc. (TSE:BLX)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $19.61 and traded as high as $22.88. Boralex shares last traded at $22.70, with a volume of 360,517 shares trading hands.
Several brokerages recently weighed in on BLX. BMO Capital Markets boosted their price objective on Boralex from C$23.00 to C$26.00 in a report on Monday, September 9th. TD Securities upped their target price on Boralex from C$22.00 to C$24.00 in a report on Wednesday, July 17th. Raymond James reaffirmed an “outperform” rating and set a C$26.00 target price on shares of Boralex in a report on Friday, August 9th. Finally, CIBC upped their target price on Boralex from C$23.50 to C$24.00 in a report on Wednesday, June 19th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Boralex currently has a consensus rating of “Buy” and a consensus target price of C$24.14.
The company has a market capitalization of $2.01 billion and a P/E ratio of -159.72. The company has a fifty day moving average price of C$21.08 and a 200 day moving average price of C$19.61. The company has a debt-to-equity ratio of 436.91, a current ratio of 1.01 and a quick ratio of 0.81.
About Boralex (TSE:BLX)
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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