Boralex Inc. (TSE:BLX) had its target price hoisted by equities research analysts at Desjardins from C$22.50 to C$23.00 in a research report issued on Thursday. The firm presently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 36.90% from the stock’s current price.

A number of other equities analysts have also recently commented on BLX. National Bank Financial boosted their price target on shares of Boralex from C$21.00 to C$22.50 in a research note on Wednesday, July 13th. TD Securities lowered shares of Boralex from a “buy” rating to a “hold” rating and set a C$20.00 price objective for the company. in a report on Tuesday, July 19th. Raymond James Financial Inc. boosted their price objective on shares of Boralex from C$21.00 to C$23.00 in a report on Thursday, July 21st. RBC Capital Markets boosted their price objective on shares of 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, Royal Bank Of Canada boosted their price objective on shares of Boralex from C$19.00 to C$21.00 and gave the stock a “sector perform” rating in a report on Monday, August 8th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of C$22.16.

Analyst Recommendations for Boralex (TSE:BLX)

Boralex (TSE:BLX) opened at 16.80 on Thursday. The company has a market capitalization of $1.10 billion and a price-to-earnings ratio of 164.71. Boralex has a 52 week low of $12.71 and a 52 week high of $20.46. The company’s 50-day moving average is $18.46 and its 200 day moving average is $18.59.

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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