Boralex Inc. (TSE:BLX) had its target price lifted by Raymond James Financial Inc. from C$23.00 to C$23.25 in a report released on Monday morning. They currently have an outperform rating on the stock.

Several other analysts have also issued reports on the company. CIBC restated an outperform rating and issued a C$22.50 price objective on shares of Boralex in a research note on Wednesday, September 7th. Royal Bank Of Canada upped their price objective on Boralex from C$19.00 to C$21.00 and gave the company a sector perform rating in a research note on Monday, August 8th. TD Securities upped their price objective on Boralex from C$20.00 to C$21.00 and gave the company a hold rating in a research note on Friday, August 5th. RBC Capital Markets upped their price objective on Boralex from C$19.00 to C$21.00 and gave the company a sector perform rating in a research note on Friday, August 5th. Finally, National Bank Financial upped their price objective on Boralex from C$21.00 to C$22.50 in a research note on Wednesday, July 13th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of C$21.91.

Boralex (TSE:BLX) opened at 19.29 on Monday. Boralex has a 12 month low of $12.51 and a 12 month high of $20.46. The company has a market cap of $1.26 billion and a P/E ratio of 344.46. The firm has a 50-day moving average price of $18.78 and a 200 day moving average price of $18.02.

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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