Boralex (TSE:BLX)‘s stock had its “hold” rating reaffirmed by investment analysts at Tudor Pickering in a report issued on Thursday, Stock Target Advisor reports. They currently have a C$41.00 price objective on the stock. Tudor Pickering’s target price points to a potential upside of 7.27% from the stock’s current price.
A number of other analysts have also recently commented on the stock. Royal Bank of Canada cut their price target on shares of Boralex from C$50.00 to C$45.00 and set a “sector perform” rating for the company in a research note on Thursday, May 6th. Raymond James reiterated an “outperform” rating and issued a C$60.00 price target on shares of Boralex in a research note on Friday, June 18th. TD Securities cut their price target on shares of Boralex from C$55.00 to C$50.00 and set a “buy” rating for the company in a research note on Thursday, May 6th. Scotiabank cut their price target on shares of Boralex from C$59.00 to C$55.00 in a research note on Wednesday, April 28th. Finally, CIBC increased their price target on shares of Boralex to C$47.00 and gave the company an “outperform” rating in a research note on Friday, June 18th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Boralex presently has a consensus rating of “Buy” and an average target price of C$47.55.
BLX traded up C$0.20 during trading hours on Thursday, hitting C$38.22. 107,071 shares of the company’s stock were exchanged, compared to its average volume of 621,133. Boralex has a 1-year low of C$32.24 and a 1-year high of C$56.70. The firm has a 50-day moving average price of C$37.64. The company has a market capitalization of C$3.92 billion and a PE ratio of 81.97. The company has a debt-to-equity ratio of 311.63, a quick ratio of 1.04 and a current ratio of 1.16.
Boralex Company Profile
Boralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities primarily in Canada, France, the United Kingdom, and the United States. As of December 31, 2020, the company had interests in 88 wind power stations with an installed capacity of 2,002 megawatts (MW); 16 hydroelectric power stations with a capacity of 181 MW; two thermal power stations with an installed capacity of 47 MW; and 10 solar power stations with an installed capacity of 225 MW.
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