Boralex (TSE:BLX) Price Target Raised to C$26.00

Boralex (TSE:BLX) had its price objective upped by National Bank Financial from C$24.00 to C$26.00 in a research note published on Thursday, November 30th.

Other equities analysts have also recently issued research reports about the stock. CIBC reduced their price target on shares of Boralex from C$25.00 to C$24.50 in a research report on Thursday, August 10th. BMO Capital Markets upped their price objective on shares of Boralex from C$24.50 to C$25.00 in a report on Friday, September 8th. Raymond James Financial upped their price objective on shares of Boralex from C$24.50 to C$26.00 in a report on Tuesday, October 24th. Finally, TD Securities upped their target price on shares of Boralex from C$25.00 to C$26.00 in a research note on Monday, November 13th.

Boralex (TSE BLX) traded down C$0.27 during midday trading on Thursday, hitting C$22.91. 56,742 shares of the stock were exchanged, compared to its average volume of 169,279. Boralex has a 52 week low of C$17.08 and a 52 week high of C$23.80.

In other Boralex news, Director Marie Giguère purchased 3,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were acquired at an average cost of C$22.18 per share, for a total transaction of C$66,540.00.

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About Boralex

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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