Boralex Inc. (TSE:BLX - Get Free Report) Director Ricky Fontaine acquired 1,000 shares of Boralex stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of C$29.10 per share, with a total value of C$29,100.00.
Boralex Stock Performance
Shares of BLX opened at C$29.60 on Friday. The stock's 50-day simple moving average is C$26.98 and its 200 day simple moving average is C$30.75. The stock has a market capitalization of C$3.08 billion, a price-to-earnings ratio of 43.40, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46. The company has a debt-to-equity ratio of 233.60, a quick ratio of 1.54 and a current ratio of 0.86. Boralex Inc. has a 52-week low of C$24.40 and a 52-week high of C$36.68.
Boralex Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be issued a dividend of $0.165 per share. The ex-dividend date is Friday, February 28th. This represents a $0.66 dividend on an annualized basis and a yield of 2.23%. Boralex's dividend payout ratio (DPR) is 96.76%.
Analysts Set New Price Targets
A number of brokerages have commented on BLX. National Bankshares reduced their price objective on Boralex from C$46.00 to C$43.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. Cormark reduced their price objective on Boralex from C$47.00 to C$35.00 in a research note on Thursday, January 30th. Raymond James reduced their price objective on Boralex from C$41.00 to C$39.00 in a research note on Monday, March 3rd. BMO Capital Markets reduced their price objective on Boralex from C$46.00 to C$45.00 in a research note on Friday, November 15th. Finally, Scotiabank reduced their price objective on Boralex from C$42.00 to C$36.00 and set a "sector perform" rating for the company in a research note on Thursday, January 30th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$40.25.
Read Our Latest Stock Report on Boralex
About Boralex
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
