Boralex Inc. (TSE:BLX – Get Free Report) has received a consensus recommendation of “Buy” from the seven research firms that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$43.38.
A number of brokerages have recently commented on BLX. CIBC lowered their price target on shares of Boralex from C$43.00 to C$42.00 in a report on Friday, November 15th. BMO Capital Markets decreased their target price on shares of Boralex from C$46.00 to C$45.00 in a research report on Friday, November 15th.
Check Out Our Latest Analysis on Boralex
Boralex Trading Down 1.0 %
About Boralex
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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