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

Boralex Inc. (TSE:BLX) had its price target lifted by investment analysts at TD Securities from C$25.00 to C$26.00 in a note issued to investors on Monday. TD Securities’ price objective points to a potential upside of 17.28% from the company’s current price.

Several other research firms have also issued reports on BLX. Raymond James Financial, Inc. lifted their target price on shares of Boralex from C$24.50 to C$26.00 in a report on Tuesday, October 24th. BMO Capital Markets reiterated an “outperform” rating and set a C$25.50 target price on shares of Boralex in a report on Thursday, October 19th. Finally, CIBC lowered their target price on shares of Boralex from C$25.00 to C$24.50 in a report on Thursday, August 17th.

Boralex (TSE BLX) opened at C$22.17 on Monday. Boralex has a 1-year low of C$16.47 and a 1-year high of C$23.21.

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In related news, Director Michelle Samson-Doel sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of C$21.90, for a total transaction of C$219,000.00. Insiders have sold 13,400 shares of company stock valued at $294,670 in the last three months.

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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