Boralex Inc. (BLX) Price Target Raised to C$26.00 at TD Securities
Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets increased their price target on Boralex from C$24.50 to C$25.00 in a report on Friday, September 8th. CIBC cut their price target on Boralex from C$25.00 to C$24.50 in a report on Thursday, August 17th. Finally, Raymond James Financial, Inc. increased their price target on Boralex from C$24.50 to C$26.00 in a report on Tuesday, October 24th.
Shares of Boralex (TSE BLX) traded up C$0.20 during trading on Monday, hitting C$22.08. The company’s stock had a trading volume of 211,597 shares, compared to its average volume of 173,677. Boralex has a fifty-two week low of C$16.06 and a fifty-two week high of C$23.21.
In related news, Director Michelle Samson-Doel sold 1,400 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of C$22.05, for a total value of C$30,870.00. Insiders sold 15,400 shares of company stock valued at $338,870 over the last quarter.
Boralex Company Profile
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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