TD Securities Boosts Boralex Inc. (BLX) Price Target to C$26.00

Boralex Inc. (TSE:BLX) had its target price increased by equities researchers at TD Securities from C$25.00 to C$26.00 in a research report issued to clients and investors on Monday. TD Securities’ target price would indicate a potential upside of 18.83% from the stock’s current price.

Several other research analysts also recently commented on the company. Raymond James Financial, Inc. boosted their target price on Boralex from C$24.50 to C$26.00 in a research note on Tuesday, October 24th. BMO Capital Markets boosted their target price on Boralex from C$24.50 to C$25.00 in a research note on Friday, September 8th. Finally, CIBC boosted their target price on Boralex from C$24.50 to C$25.00 in a research note on Monday, July 24th.

Shares of Boralex (BLX) traded down C$0.18 during midday trading on Monday, reaching C$21.88. The company’s stock had a trading volume of 276,385 shares, compared to its average volume of 173,502. Boralex has a 12-month low of C$16.06 and a 12-month high of C$23.21.

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In other news, Director Michelle Samson-Doel sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of C$22.10, for a total value of C$44,200.00. Insiders sold 19,400 shares of company stock valued at $426,870 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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