Boralex (TSE:BLX) Price Target Raised to C$43.00 at National Bankshares

Boralex (TSE:BLX) had its target price boosted by National Bankshares from C$42.00 to C$43.00 in a report published on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other brokerages have also issued reports on BLX. Raymond James Financial upgraded shares of Boralex to a “moderate buy” rating in a research report on Thursday, May 15th. National Bank Financial upgraded shares of Boralex to a “strong-buy” rating in a research report on Sunday, June 8th. TD Securities upped their target price on shares of Boralex from C$35.00 to C$38.00 and gave the stock a “buy” rating in a research report on Wednesday. BMO Capital Markets reduced their target price on shares of Boralex from C$42.00 to C$39.00 in a research report on Thursday, May 22nd. Finally, Desjardins set a C$45.00 target price on shares of Boralex and gave the stock a “top pick” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$39.22.

Boralex Price Performance

TSE:BLX opened at C$32.76 on Thursday. The firm has a market cap of C$3.41 billion, a PE ratio of 48.03, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46. Boralex has a 12 month low of C$24.40 and a 12 month high of C$36.63. The company has a quick ratio of 1.54, a current ratio of 0.86 and a debt-to-equity ratio of 233.60. The company’s 50-day moving average price is C$30.95 and its two-hundred day moving average price is C$28.95.

About Boralex

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.