BMO Capital Markets Boosts Boralex Inc. (BLX) Price Target to C$25.00
Boralex Inc. (TSE:BLX) had its price target lifted by investment analysts at BMO Capital Markets from C$24.50 to C$25.00 in a report released on Friday. BMO Capital Markets’ target price would suggest a potential upside of 13.43% from the company’s current price.
Separately, CIBC lowered their target price on Boralex from C$25.00 to C$24.50 in a report on Thursday, August 17th. Six research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of C$24.21.
Shares of Boralex (TSE BLX) traded up 1.63% on Friday, reaching $22.40. The company’s stock had a trading volume of 73,262 shares. The company has a 50 day moving average of $21.89 and a 200 day moving average of $21.54. Boralex has a 1-year low of $16.06 and a 1-year high of $23.00. The stock’s market capitalization is $1.70 billion.
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In related news, Director Michelle Samson-Doel sold 10,000 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of C$21.90, for a total transaction of C$219,000.00. Insiders sold 17,400 shares of company stock worth $382,070 in the last three months.
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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