Boralex Inc. (TSE:BLX) has earned an average rating of “Buy” from the eight research firms that are currently covering the company. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$21.91.

A number of equities research analysts recently commented on the company. National Bank Financial lifted their target price on Boralex from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a report on Wednesday, June 29th. Royal Bank Of Canada lifted their target price on Boralex from C$19.00 to C$21.00 and gave the stock a “sector perform” rating in a report on Monday, August 8th. TD Securities downgraded Boralex from a “buy” rating to a “hold” rating and set a C$20.00 target price for the company. in a report on Tuesday, July 19th. RBC Capital Markets lifted their target price on Boralex from C$19.00 to C$21.00 and gave the stock a “sector perform” rating in a report on Friday, August 5th. Finally, Raymond James Financial Inc. lifted their target price on Boralex from C$21.00 to C$23.00 in a report on Thursday, July 21st.

Shares of Boralex (TSE:BLX) opened at 17.97 on Thursday. The stock has a market capitalization of $1.17 billion and a price-to-earnings ratio of 320.89. The firm’s 50-day moving average is $18.39 and its 200-day moving average is $18.31. Boralex has a one year low of $12.71 and a one year high of $20.46.

Boralex Company Profile

Boralex Inc is a power producer that develops, constructs and operates renewable energy power stations. The Company’s segments include wind, hydroelectric, thermal and solar. It operates an asset base with a capacity of approximately 1,260 megawatts (MW), of which over 1,090 MW are under its control, consisting of approximately 490 MW in Canada, over 520 MW in France and over 80 MW in the Northeastern United States.

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