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BMO Capital Thinks Boralex Inc. Cl A’s Stock is Going to Recover


The Utilities sector company, Boralex Inc. Cl A (TSX: BLX), has received a rating update from a Wall Street analyst yesterday. Analyst Benjamin Pham from BMO Capital reiterated a Buy rating, with a C$24.50 price target.

Pham has an average return of 14.1% when recommending Boralex Inc. Cl A.

According to TipRanks.com, Pham is ranked #567 out of 4848 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Boralex Inc. Cl A with a C$25.50 average price target.

The company has a one-year high of C$25.03 and a one-year low of C$18.47. Currently, Boralex Inc. Cl A has an average volume of 244.1K.

Boralex, Inc. engages in the developing and building renewable energy power facilities. It operates through the following business segments: Wind Power Stations, Hydroelectric Power Stations, Thermal Power Stations, and Solar Power Stations. The company was founded on November 9, 1982 and is headquartered in Kingsey Falls, Canada.

The company’s shares closed on Friday at C$19.32, close to its 52-week low of C$18.47.