Shares of Boralex Inc. (TSE:BLX) reached a new 52-week high on Thursday after CIBC raised their price target on the stock from C$26.50 to C$27.00. The stock traded as high as C$26.43 and last traded at C$26.34, with a volume of 54812 shares. The stock had previously closed at C$26.14.
Several other equities research analysts also recently weighed in on the stock. Raymond James reaffirmed an “outperform” rating and issued a C$26.00 price objective on shares of Boralex in a report on Friday, November 8th. TD Securities upped their price objective on shares of Boralex from C$24.00 to C$25.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, National Bank Financial upped their price objective on shares of Boralex from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a report on Friday, November 29th.
The company has a debt-to-equity ratio of 465.31, a quick ratio of 0.61 and a current ratio of 0.81. The company has a market capitalization of $2.52 billion and a price-to-earnings ratio of -230.88. The stock’s fifty day simple moving average is C$24.83 and its two-hundred day simple moving average is C$22.29.
Boralex Company Profile (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.
Recommended Story: If I purchase shares through a brokerage account, am I the holder of record?
Receive News & Ratings for Boralex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boralex and related companies with MarketBeat.com's FREE daily email newsletter.