Desjardins Cuts Boralex (OTCMKTS:BRLXF) Price Target to C$47.00

Boralex (OTCMKTS:BRLXFGet Rating) had its price objective cut by Desjardins from C$48.00 to C$47.00 in a research note issued to investors on Monday morning, The Fly reports.

Several other equities research analysts have also commented on the company. Scotiabank reduced their price objective on Boralex from C$51.00 to C$50.00 in a research note on Thursday, November 10th. Royal Bank of Canada reduced their price objective on Boralex from C$42.00 to C$40.00 in a research note on Monday. TD Securities reduced their price objective on Boralex from C$53.00 to C$50.00 in a research note on Thursday, November 10th. National Bank Financial upped their target price on shares of Boralex from C$48.00 to C$50.00 in a report on Friday, October 7th. Finally, Industrial Alliance Securities raised shares of Boralex from a hold rating to a buy rating in a report on Friday, September 23rd.

Boralex Stock Performance

Shares of BRLXF opened at $27.30 on Monday. The firm has a fifty day simple moving average of $30.34 and a two-hundred day simple moving average of $32.81. Boralex has a 1-year low of $24.08 and a 1-year high of $39.72.

About Boralex

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Boralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2021, the company had interests in 90 wind power stations with an installed capacity of 2,032 megawatts (MW); 16 hydroelectric power stations with a capacity of 181 MW; 12 solar power stations with an installed capacity of 244 MW; and one thermal power station with an installed capacity of 35 MW.

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