Boralex (TSE:BLX) had its price objective lifted by research analysts at Canaccord Genuity from C$25.00 to C$26.00 in a report released on Thursday. Canaccord Genuity’s price target points to a potential upside of 11.73% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. National Bank Financial upped their price objective on shares of Boralex from C$24.00 to C$26.00 in a research note on Thursday, November 30th. Raymond James Financial increased their price target on shares of Boralex from C$24.50 to C$26.00 in a research report on Tuesday, October 24th. BMO Capital Markets reissued an “outperform” rating and set a C$25.50 price target on shares of Boralex in a research report on Thursday, October 19th. TD Securities increased their price target on shares of Boralex from C$25.00 to C$26.00 in a research report on Monday, November 13th. Finally, CIBC increased their price target on shares of Boralex from C$24.50 to C$25.00 in a research report on Monday, November 13th.

Boralex (TSE BLX) traded up C$0.04 during mid-day trading on Thursday, reaching C$23.27. 95,900 shares of the company’s stock were exchanged, compared to its average volume of 118,319. Boralex has a fifty-two week low of C$18.67 and a fifty-two week high of C$23.82. The company has a market capitalization of $1,770.00, a PE ratio of -258.56 and a beta of 0.09.

In related news, Director Marie Giguère acquired 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, for a total transaction of C$66,540.00.

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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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