Boralex Inc. (BLX) PT Raised to C$26.00
BLX has been the topic of several other research reports. Raymond James Financial, Inc. raised their target price on shares of Boralex from C$24.50 to C$26.00 in a research note on Tuesday, October 24th. BMO Capital Markets raised their target price on shares of Boralex from C$24.50 to C$25.00 in a research note on Friday, September 8th. Finally, CIBC raised their target price on shares of Boralex from C$24.50 to C$25.00 in a research note on Monday.
Boralex (TSE:BLX) opened at C$22.26 on Monday. Boralex has a 52 week low of C$16.70 and a 52 week high of C$23.21.
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In other news, Director Michelle Samson-Doel sold 10,000 shares of Boralex stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of C$21.90, for a total value of C$219,000.00. Also, Director Marie Giguère acquired 3,000 shares of the stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average cost of C$22.18 per share, for a total transaction of C$66,540.00. Insiders sold a total of 13,400 shares of company stock worth $294,670 in the last ninety days.
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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