CIBC Increases Boralex Inc. (BLX) Price Target to C$25.00
Boralex Inc. (TSE:BLX) had its target price increased by equities researchers at CIBC from C$24.50 to C$25.00 in a research report issued to clients and investors on Monday. CIBC’s price objective points to a potential upside of 12.76% from the company’s current price.
A number of other research analysts have also issued reports on BLX. BMO Capital Markets reaffirmed an “outperform” rating and set a C$25.50 target price on shares of Boralex in a report on Thursday, October 19th. Raymond James Financial, Inc. lifted their target price on Boralex from C$24.50 to C$26.00 in a report on Tuesday, October 24th.
Shares of Boralex (TSE BLX) opened at C$22.17 on Monday. Boralex has a one year low of C$16.47 and a one year high of C$23.21.
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In other Boralex news, Director Michelle Samson-Doel sold 2,000 shares of Boralex stock in a transaction dated Friday, September 8th. The stock was sold at an average price of C$22.40, for a total transaction of C$44,800.00. In the last ninety days, insiders have sold 13,400 shares of company stock worth $294,670.
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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