Boralex Inc. (TSE:BLX)‘s stock had its “hold” rating reaffirmed by investment analysts at TD Securities in a research report issued to clients and investors on Thursday. They presently have a C$21.00 price objective on the stock. TD Securities’ target price points to a potential upside of 25.00% from the stock’s previous close.

Several other analysts also recently weighed in on the company. Raymond James Financial Inc. raised their target price on Boralex from C$23.00 to C$23.25 and gave the company an “outperform” rating in a research note on Monday, September 19th. CIBC reiterated an “outperform” rating and issued a C$22.50 price target on shares of Boralex in a research note on Wednesday, September 7th. RBC Capital Markets lifted their price target on Boralex from C$19.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Friday, August 5th. National Bank Financial lifted their price target on Boralex from C$21.00 to C$22.50 in a research note on Wednesday, July 13th. Finally, Royal Bank Of Canada lifted their price target on Boralex from C$19.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Monday, August 8th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Boralex currently has a consensus rating of “Buy” and a consensus price target of C$22.16.

Analyst Recommendations for Boralex (TSE:BLX)

Shares of Boralex (TSE:BLX) opened at 16.80 on Thursday. The stock has a market cap of $1.10 billion and a price-to-earnings ratio of 164.71. Boralex has a one year low of $12.71 and a one year high of $20.46. The firm has a 50-day moving average price of $18.46 and a 200-day moving average price of $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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