Boralex Inc. (BLX) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Boralex Inc. (TSE:BLX) have been assigned an average recommendation of “Buy” from the eight research firms that are covering the firm. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$21.91.
A number of research firms have recently commented on BLX. Raymond James Financial Inc. increased their price objective on Boralex from C$23.00 to C$23.25 and gave the company an “outperform” rating in a report on Monday, September 19th. CIBC reiterated an “outperform” rating and issued a C$22.50 price objective on shares of Boralex in a report on Wednesday, September 7th. Royal Bank Of Canada increased their price objective on Boralex from C$19.00 to C$21.00 and gave the company a “sector perform” rating in a report on Monday, August 8th. TD Securities increased their price objective on Boralex from C$20.00 to C$21.00 and gave the company a “hold” rating in a report on Friday, August 5th. Finally, RBC Capital Markets increased their price objective on Boralex from C$19.00 to C$21.00 and gave the company a “sector perform” rating in a report on Friday, August 5th.
Boralex (TSE:BLX) traded up 0.34% on Thursday, hitting $17.81. 80,640 shares of the company’s stock traded hands. Boralex has a 12 month low of $12.71 and a 12 month high of $20.46. The stock has a market cap of $1.16 billion and a P/E ratio of 318.04. The stock has a 50 day moving average price of $18.47 and a 200-day moving average price of $18.25.
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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