Boralex (BLX) Price Target Raised to C$26.00 at Canaccord Genuity
A number of other research firms have also recently commented on BLX. National Bank Financial upped their target price on Boralex from C$24.00 to C$26.00 in a research note on Thursday, November 30th. TD Securities upped their target price on Boralex from C$25.00 to C$26.00 in a research note on Monday, November 13th. CIBC upped their target price on Boralex from C$24.50 to C$25.00 in a research note on Monday, November 13th. Raymond James Financial upped 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 reaffirmed an outperform rating and set a C$25.50 target price on shares of Boralex in a research note on Thursday, October 19th.
Shares of Boralex (TSE:BLX) traded down C$0.01 during midday trading on Thursday, reaching C$23.26. The company’s stock had a trading volume of 139,027 shares, compared to its average volume of 122,878. Boralex has a 52 week low of C$18.67 and a 52 week high of C$23.82. The company has a market capitalization of $1,770.00, a PE ratio of -258.44 and a beta of 0.09.
In other Boralex news, Director Marie Giguère bought 3,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were purchased at an average price of C$22.18 per share, with a total value of C$66,540.00.
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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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