Boralex Inc. (TSE:BLX) Price Target Increased to C$25.00 by Analysts at CIBC
A number of other equities analysts have also recently commented on BLX. Royal Bank Of Canada raised their target price on Boralex from C$23.00 to C$24.00 and gave the company an outperform rating in a report on Friday, May 5th. TD Securities reaffirmed a buy rating and issued a C$24.00 price target on shares of Boralex in a research report on Friday, May 5th. Seven analysts have rated the stock with a buy rating, The stock has an average rating of Buy and a consensus price target of C$24.08.
Boralex (BLX) traded up 0.18% during mid-day trading on Monday, hitting $21.97. 61,199 shares of the stock traded hands. The company’s 50 day moving average price is $21.66 and its 200-day moving average price is $21.37. Boralex has a 1-year low of $16.06 and a 1-year high of $23.00. The stock’s market cap is $1.67 billion.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Tuesday, August 29th. This is a positive change from Boralex’s previous quarterly dividend of $0.13.
In other news, Director Michelle Samson-Doel sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of C$22.00, for a total transaction of C$88,000.00.
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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