Boralex (BLX) Given New C$24.50 Price Target at BMO Capital Markets

Boralex (TSE:BLX) had its price objective lowered by BMO Capital Markets from C$25.50 to C$24.50 in a research note issued to investors on Monday morning.

Several other research firms have also commented on BLX. TD Securities increased their target price on shares of Boralex from C$26.00 to C$27.00 in a research note on Thursday, May 10th. National Bank Financial increased their target price on shares of Boralex from C$26.00 to C$27.00 and gave the company an outperform rating in a research note on Monday, April 23rd. Finally, Desjardins boosted their price target on shares of Boralex from C$25.50 to C$26.00 in a report on Monday, April 23rd. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of C$25.25.

BLX stock traded up C$0.10 on Monday, hitting C$19.02. 43,186 shares of the company’s stock traded hands, compared to its average volume of 186,092. Boralex has a 1-year low of C$18.47 and a 1-year high of C$25.03.

About Boralex

Boralex Inc, together with its subsidiaries, develops, constructs, and operates renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2017, the company had interests in 55 wind power stations with an installed capacity of 1,237 megawatts (MW); 15 hydroelectric power stations with a capacity of 172 MW; 2 thermal power stations with an installed capacity of 47 MW; and 3 solar power facilities with an installed capacity of 16 MW.

Featured Article: Investing in Dividend Stocks

Analyst Recommendations for Boralex (TSE:BLX)

Receive News & Ratings for Boralex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boralex and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply