Boralex Inc. (TSE:BLX) had its price objective lifted by research analysts at BMO Capital Markets from C$24.50 to C$25.00 in a note issued to investors on Friday. BMO Capital Markets’ price objective would suggest a potential upside of 13.43% from the stock’s current price.

Separately, CIBC decreased their target price on Boralex from C$25.00 to C$24.50 in a research report on Thursday, August 17th. Six analysts have rated the stock with a buy rating, Boralex has a consensus rating of “Buy” and an average target price of C$24.21.

Boralex (TSE:BLX) traded up 1.63% during trading on Friday, hitting $22.40. The company had a trading volume of 118,752 shares. 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. The company’s 50 day moving average price is $21.89 and its 200-day moving average price is $21.54.

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In related news, Director Michelle Samson-Doel sold 10,000 shares of the firm’s stock in a transaction that occurred 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 a total of 17,400 shares of company stock valued at $382,070 in the last three months.

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.

Analyst Recommendations for Boralex (TSE:BLX)

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