Desjardins Reiterates “C$45.00” Price Target for Boralex (TSE:BLX)

Desjardins set a C$45.00 price objective on Boralex (TSE:BLXFree Report) in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a top pick rating on the stock.

Several other equities analysts have also issued reports on BLX. Raymond James Financial upgraded Boralex to a “moderate buy” rating in a research report on Thursday, May 15th. National Bank Financial raised shares of Boralex to a “strong-buy” rating in a research note on Sunday, June 8th. BMO Capital Markets lowered their target price on shares of Boralex from C$42.00 to C$39.00 in a research note on Thursday, May 22nd. Finally, National Bankshares cut their target price on shares of Boralex from C$43.00 to C$42.00 and set an “outperform” rating on the stock in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$39.11.

Read Our Latest Analysis on Boralex

Boralex Trading Up 0.2%

TSE BLX opened at C$32.66 on Wednesday. Boralex has a 12 month low of C$24.40 and a 12 month high of C$36.63. The stock has a 50-day simple moving average of C$30.87 and a 200 day simple moving average of C$28.93. The company has a current ratio of 0.86, a quick ratio of 1.54 and a debt-to-equity ratio of 233.60. The company has a market capitalization of C$3.40 billion, a PE ratio of 47.88, a P/E/G ratio of 2.01 and a beta of 0.46.

Boralex Company Profile

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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.

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Analyst Recommendations for Boralex (TSE:BLX)

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