Boralex Inc. Cl A (BLX) Receives a Buy from Raymond James

By Jason Carr

Boralex Inc. Cl A (BLXResearch Report), the Utilities sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst David Quezada from Raymond James remains bullish on the stock and has a C$26 price target.

According to TipRanks.com, Quezada is ranked #659 out of 5247 analysts.

Boralex Inc. Cl A has an analyst consensus of Strong Buy, with a price target consensus of C$24.

Boralex Inc. Cl A’s market cap is currently C$1.8B and has a P/E ratio of 0. The company has a Price to Book ratio of 2.18.

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$20.35.