Boralex Inc. (BLX) Director Michelle Samson-Doel Sells 1,400 Shares of Stock
Boralex Inc. (TSE:BLX) Director Michelle Samson-Doel sold 1,400 shares of the business’s 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.
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% on Friday, reaching $22.00. The company had a trading volume of 44,399 shares. The stock’s market capitalization is $1.67 billion. Boralex Inc. has a 52-week low of $16.06 and a 52-week high of $23.00. The stock has a 50 day moving average price of $21.70 and a 200 day moving average price of $21.43.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Thursday, August 31st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a 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.
A number of research firms recently commented on BLX. CIBC decreased their price objective on Boralex from C$25.00 to C$24.50 in a report on Thursday, August 17th. TD Securities reiterated a “buy” rating and issued a C$24.00 price objective on shares of Boralex in a report on Friday, May 5th. Finally, Royal Bank Of Canada upped their price objective on Boralex from C$23.00 to C$24.00 and gave the company an “outperform” rating in a report on Friday, May 5th. Seven analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of C$24.08.
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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