Boralex Inc. (TSE:BLX) has earned an average rating of “Buy” from the eight research firms that are presently covering the firm. Six research analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$23.50.

A number of brokerages have commented on BLX. Royal Bank of Canada reissued an “outperform” rating and set a C$23.00 price objective on shares of Boralex in a report on Monday, February 6th. Desjardins increased their price objective on shares of Boralex from C$23.50 to C$24.00 in a report on Monday, March 6th. Finally, TD Securities increased their price objective on shares of Boralex from C$22.00 to C$24.00 and gave the stock a “buy” rating in a report on Monday, March 6th.

Boralex (TSE:BLX) opened at 21.86 on Tuesday. The firm’s 50-day moving average is $21.35 and its 200-day moving average is $19.59. Boralex has a 1-year low of $16.06 and a 1-year high of $22.14. The firm’s market capitalization is $1.43 billion.

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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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