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

By Carrie Williams

Yesterday, an analyst has provided a rating update for the Utilities sector company, Boralex Inc. Cl A (TSX: BLX). Analyst Mark Jarvi from CIBC rated Boralex Inc. Cl A (TSX: BLX) a Buy, setting a C$26 price target.

According to TipRanks.com, Jarvi is ranked #2633 out of 4842 analysts.

Boralex Inc. Cl A has an analyst consensus of Moderate Buy, with a price target consensus of C$26.

The company has a one-year high of C$25.03 and a one-year low of C$20.30. Currently, Boralex Inc. Cl A has an average volume of 190.5K.

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 Wednesday at C$20.75, close to its 52-week low of C$20.30.