Boralex Inc. (TSE:BLX) Director Marie Giguère acquired 3,000 shares of Boralex stock in a transaction on Wednesday, November 15th. The shares were bought at an average cost of C$22.18 per share, with a total value of C$66,540.00.

Boralex Inc. (BLX) traded up C$0.11 during midday trading on Friday, reaching C$22.37. The company had a trading volume of 102,800 shares, compared to its average volume of 172,759. Boralex Inc. has a 12-month low of C$16.74 and a 12-month high of C$23.21.

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A number of brokerages have recently issued reports on BLX. TD Securities increased their target price on Boralex from C$25.00 to C$26.00 in a research note on Monday, November 13th. CIBC increased their target price on Boralex from C$24.50 to C$25.00 in a research note on Monday, November 13th. Raymond James Financial, Inc. increased their target price on Boralex from C$24.50 to C$26.00 in a research note on Tuesday, October 24th. Finally, BMO Capital Markets reissued an “outperform” rating and set a C$25.50 target price on shares of Boralex in a research note on Thursday, October 19th.

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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