Boralex Inc. (TSE:BLX) had its price target upped by Raymond James Financial Inc. from C$23.00 to C$23.25 in a research note released on Monday morning. The brokerage currently has an outperform rating on the stock.

Other analysts have also issued research reports about the company. BMO Capital Markets raised their target price on Boralex from C$21.00 to C$22.00 in a report on Thursday, July 7th. National Bank Financial lifted their price objective on Boralex from C$21.00 to C$22.50 in a report on Wednesday, July 13th. Desjardins reissued a buy rating and set a C$22.00 price objective on shares of Boralex in a report on Tuesday, July 12th. TD Securities lifted their price objective on Boralex from C$20.00 to C$21.00 and gave the stock a hold rating in a report on Friday, August 5th. Finally, CIBC reissued an outperform rating and set a C$22.50 price objective on shares of Boralex in a report on Wednesday, September 7th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of C$21.91.

Boralex (TSE:BLX) opened at 19.29 on Monday. Boralex has a 1-year low of $12.51 and a 1-year high of $20.46. The stock has a 50 day moving average price of $18.78 and a 200 day moving average price of $18.02. The company has a market cap of $1.26 billion and a PE ratio of 344.46.

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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