Boralex Inc. (OTCMKTS:BRLXF) Receives Consensus Recommendation of “Buy” from Brokerages

Boralex Inc. (OTCMKTS:BRLXF) has been given an average recommendation of “Buy” by the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $48.46.

BRLXF has been the subject of several recent analyst reports. Scotiabank lowered their target price on shares of Boralex from C$55.00 to C$52.25 and set an “outperform” rating for the company in a research note on Monday, August 9th. CIBC boosted their price objective on shares of Boralex from C$47.00 to C$48.00 and gave the company an “outperform” rating in a research note on Friday, June 18th. Desjardins boosted their price objective on shares of Boralex from C$50.00 to C$53.00 and gave the company a “buy” rating in a research note on Monday, June 21st. Finally, Credit Suisse Group lowered their price objective on shares of Boralex from C$48.00 to C$43.00 and set a “neutral” rating for the company in a research note on Tuesday, May 25th.

BRLXF stock remained flat at $$31.10 during midday trading on Friday. 6 shares of the company’s stock traded hands, compared to its average volume of 1,729. Boralex has a 12-month low of $24.50 and a 12-month high of $44.17. The business has a 50-day moving average price of $30.35 and a 200-day moving average price of $31.10.

Boralex Company Profile

Boralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities primarily in Canada, France, the United Kingdom, and the United States. As of December 31, 2020, the company had interests in 88 wind power stations with an installed capacity of 2,002 megawatts (MW); 16 hydroelectric power stations with a capacity of 181 MW; two thermal power stations with an installed capacity of 47 MW; and 10 solar power stations with an installed capacity of 225 MW.

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Analyst Recommendations for Boralex (OTCMKTS:BRLXF)

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