Boralex Inc. Cl A (BLX) Received its Third Buy in a Row


Analysts have been quite happy with Boralex Inc. Cl A (BLX) stock lately, with another positive rating update this time from Raymond James. Raymond James’ analyst David Quezada reiterates their Buy rating on the shares, with a C$25 price target.

According to TipRanks.com, Quezada is ranked #1310 out of 5233 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Boralex Inc. Cl A with a C$23.50 average price target, representing a 28.9% upside. In a report issued on February 19, National Bank also maintained a Buy rating on the stock with a C$24 price target.

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The company has a one-year high of C$23.76 and a one-year low of C$15.96. Currently, Boralex Inc. Cl A has an average volume of 223.6K.

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 Monday at C$18.23.

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