Desjardins set a C$45.00 price objective on Boralex (TSE:BLX – Free Report) in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a top pick rating on the stock.
Several other equities analysts have also issued reports on BLX. Raymond James Financial upgraded Boralex to a “moderate buy” rating in a research report on Thursday, May 15th. National Bank Financial raised shares of Boralex to a “strong-buy” rating in a research note on Sunday, June 8th. BMO Capital Markets lowered their target price on shares of Boralex from C$42.00 to C$39.00 in a research note on Thursday, May 22nd. Finally, National Bankshares cut their target price on shares of Boralex from C$43.00 to C$42.00 and set an “outperform” rating on the stock in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$39.11.
Read Our Latest Analysis on Boralex
Boralex Trading Up 0.2%
Boralex Company Profile
Boralex Inc is an electric utility company involved in the development, construction, and operation of renewable energy power facilities. The company controls a portfolio of electricity producing plants that utilize wind, hydroelectric, thermal, and solar fuel sources. Most of Boralex’s plants rely on wind power, while a significant number also employ hydroelectric power.
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