Boralex Inc. (TSE:BLX) had its target price hoisted by research analysts at National Bank Financial from C$22.50 to C$23.50 in a report released on Thursday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 39.88% from the company’s previous close.

A number of other equities analysts have also recently weighed in on BLX. TD Securities reissued a “hold” rating and issued a C$21.00 price target on shares of Boralex in a report on Thursday. AltaCorp Capital reissued an “outperform” rating on shares of Boralex in a report on Monday, October 31st. Raymond James Financial Inc. boosted their price target on Boralex from C$21.00 to C$23.00 in a report on Thursday, July 21st. Royal Bank Of Canada boosted their price target 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. Finally, Desjardins boosted their price target on Boralex from C$22.50 to C$23.00 and gave the stock a “buy” rating in a report on Thursday. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$22.16.

Analyst Recommendations for Boralex (TSE:BLX)

Boralex (TSE:BLX) opened at 16.80 on Thursday. The company’s 50-day moving average price is $18.46 and its 200-day moving average price is $18.59. The stock has a market capitalization of $1.10 billion and a PE ratio of 164.71. Boralex has a one year low of $12.71 and a one year high of $20.46.

About Boralex

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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