Boralex Inc. (TSE:BLX) Director Michelle Samson-Doel sold 1,400 shares of Boralex stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of C$22.05, for a total value of C$30,870.00.

Michelle Samson-Doel also recently made the following trade(s):

  • On Wednesday, August 16th, Michelle Samson-Doel sold 2,000 shares of Boralex stock. The stock was sold at an average price of C$22.10, for a total value of C$44,200.00.
  • On Tuesday, August 15th, Michelle Samson-Doel sold 4,000 shares of Boralex stock. The stock was sold at an average price of C$22.00, for a total value of C$88,000.00.

Boralex Inc. (BLX) traded down 0.09% during trading on Friday, hitting $22.00. The company had a trading volume of 44,399 shares. The firm has a 50-day moving average of $21.73 and a 200 day moving average of $21.44. The company’s market capitalization is $1.67 billion. Boralex Inc. has a 12-month low of $16.06 and a 12-month high of $23.00.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Thursday, August 31st will be given a dividend of $0.15 per share. This is a positive change from Boralex’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Tuesday, August 29th.

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A number of research analysts recently issued reports on BLX shares. Royal Bank Of Canada lifted their target price on Boralex from C$23.00 to C$24.00 and gave the stock an “outperform” rating in a report on Friday, May 5th. CIBC lowered their target price on Boralex from C$25.00 to C$24.50 in a report on Thursday, August 10th. Finally, TD Securities reaffirmed a “buy” rating and set a C$24.00 target price on shares of Boralex in a report on Friday, May 5th. Seven analysts have rated the stock with a buy rating, Boralex currently has a consensus rating of “Buy” and an average target price of C$24.08.

About Boralex

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.

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