Raymond James Thinks Boralex Inc. Cl A’s Stock is Going to Recover


Boralex Inc. Cl A (TSX: BLX), the Utilities sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. The company received a Buy rating from Raymond James’ analyst David Quezada, with a C$25 price target.

According to TipRanks.com, Quezada is ranked #3316 out of 4847 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, representing a 34.8% upside. In a report issued on August 12, BMO Capital also reiterated a Buy rating on the stock with a C$24.50 price target.

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Boralex Inc. Cl A’s market cap is currently C$1.44B and has a P/E ratio of 58.5. The company has a Price to Book ratio of 2.16.

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$18.92, close to its 52-week low of C$18.47.

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