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Raymond James recorded Boralex (TSE:BLX), upping its target price to $23.25 earlier today

Yesterday Boralex (TSE:BLX) traded 4.01% higher at $19.18. Boralex’s 50-day moving average is $18.84 and its 200-day average is $17.93. With the last stock close up 6.95% relative to the two hundred day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 148,612 shares of Boralex traded, up from ann average volume of 101,100.

Boralex (TSE:BLX) had its estimated target price increased to $23 by Raymond James in an issued report announced 9/19/2016. The increased target price indicates a potential upside of 0.21% based on the company’s last closing price.

Previously on 9/07/2016, CIBC World Markets released a statement about Boralex(TSE:BLX) upped the target price from $0.00 to $22.50 that suggested an upside of 0.21%.

See Chart Below:

Boralex (TSE:BLX)

Also covering Boralex’s price target, a total of 8 equity analysts have reported on the company. The one year target is $16.93 with 0 rating the stock a strong buy, five analysts rating the company a buy, three firms rating the stock a hold, 0 rating the company to underperform, and lastly 0 brokerages rating the company as sell.

With a market capitalization of $0.0, Boralex has a price-earnings of 343 with a 52 week low of $12.12 and a 52 week high of $20.46.

General Company Details For Boralex (TSE:BLX)

Boralex Inc. is a power producer that develops, constructs and operates renewable energy power stations. The Company’s segments include wind, hydroelectric, thermal and solar. It operates an asset base with a capacity of approximately 1, 260 megawatts (MW), of which over 1, 090 MW are under its control, consisting of approximately 490 MW in Canada, over 520 MW in France and over 80 MW in the Northeastern United States. It operates approximately 870 MW wind power portfolio of assets in France and Canada. It also owns the rights to portfolio of wind power projects in France. It is also a wind power operator in Canada with an installed capacity of approximately 550 MW in Quebec and Ontario. It owns over two thermal power stations with a total installed capacity of approximately 50 MW, and consisting of over 30 MW wood-residue power station in Quebec and approximately 10 MW natural gas cogeneration power station in France. It operates over three solar power facilities in France and in Canada.

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