Boralex Inc. (BLX) Receives Outperform Rating from BMO Capital Markets
Boralex Inc. (TSE:BLX)‘s stock had its “outperform” rating restated by investment analysts at BMO Capital Markets in a research note issued on Thursday. They currently have a C$25.50 price objective on the stock. BMO Capital Markets’ price target points to a potential upside of 13.84% from the company’s previous close.
Separately, CIBC decreased their price target on shares of Boralex from C$25.00 to C$24.50 in a report on Thursday, August 17th. Seven equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of C$24.29.
Shares of Boralex (BLX) traded up 0.58% on Thursday, reaching $22.53. 54,975 shares of the company were exchanged. The firm has a 50 day moving average price of $21.85 and a 200-day moving average price of $21.78. The stock’s market capitalization is $1.71 billion. Boralex has a 12-month low of $16.06 and a 12-month high of $23.00.
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In related news, Director Michelle Samson-Doel sold 2,000 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of C$22.40, for a total transaction of C$44,800.00. In the last ninety days, insiders have sold 19,400 shares of company stock worth $426,870.
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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