Boralex Inc. (BLX) Price Target Raised to C$25.00

Boralex Inc. (TSE:BLX) had its price target hoisted by CIBC from C$24.50 to C$25.00 in a research report released on Monday.

BLX has been the topic of several other reports. BMO Capital Markets restated an outperform rating and set a C$25.50 price objective on shares of Boralex in a report on Thursday, October 19th. Raymond James Financial, Inc. increased their target price on Boralex from C$24.50 to C$26.00 in a research report on Tuesday, October 24th.

Boralex (TSE BLX) opened at C$21.99 on Monday. Boralex has a fifty-two week low of C$16.68 and a fifty-two week high of C$23.21.

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In related news, Director Marie Giguère bought 3,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were acquired at an average price of C$22.18 per share, with a total value of C$66,540.00. Also, Director Michelle Samson-Doel sold 1,400 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of C$22.05, for a total value of C$30,870.00. Insiders have sold a total of 13,400 shares of company stock worth $294,670 in the last ninety days.

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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