Boralex (TSE:BLX – Get Rating) had its price target upped by stock analysts at Royal Bank of Canada from C$41.00 to C$48.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target indicates a potential downside of 2.79% from the company’s current price.
Several other equities analysts have also commented on the stock. Scotiabank increased their price objective on shares of Boralex from C$48.75 to C$53.00 in a research report on Thursday. TD Securities increased their price target on shares of Boralex from C$50.00 to C$55.00 and gave the stock a “buy” rating in a report on Thursday. CIBC increased their price target on shares of Boralex from C$46.00 to C$47.00 in a report on Thursday, July 21st. Raymond James increased their price target on shares of Boralex from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, BMO Capital Markets increased their price target on shares of Boralex from C$45.00 to C$50.00 in a report on Thursday. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$48.00.
Boralex Stock Performance
Shares of Boralex stock opened at C$49.38 on Thursday. The firm has a market capitalization of C$5.07 billion and a P/E ratio of 159.29. The company has a quick ratio of 0.97, a current ratio of 1.10 and a debt-to-equity ratio of 288.00. The company has a 50 day moving average price of C$43.01 and a 200 day moving average price of C$39.19. Boralex has a 52 week low of C$30.04 and a 52 week high of C$49.72.
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, and the United States. As of December 31, 2021, the company had interests in 90 wind power stations with an installed capacity of 2,032 megawatts (MW); 16 hydroelectric power stations with a capacity of 181 MW; 12 solar power stations with an installed capacity of 244 MW; and one thermal power station with an installed capacity of 35 MW.
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