BMO Capital Markets Increases Boralex Inc. (BLX) Price Target to C$25.00

Boralex Inc. (TSE:BLX) had its price objective lifted by equities research analysts at BMO Capital Markets from C$24.50 to C$25.00 in a report released on Friday. BMO Capital Markets’ price target would indicate a potential upside of 11.61% from the company’s previous close.

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

Boralex (TSE BLX) opened at 22.40 on Friday. The stock has a 50 day moving average price of $21.92 and a 200 day moving average price of $21.55. Boralex has a 12 month low of $16.06 and a 12 month high of $23.00. The firm’s market cap is $1.70 billion.

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In other Boralex news, Director Michelle Samson-Doel sold 10,000 shares of the company’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 value of C$219,000.00. In the last ninety days, insiders sold 17,400 shares of company stock valued at $382,070.

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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