Boralex (OTCMKTS:BRLXF) Given New C$40.00 Price Target at Royal Bank of Canada

Boralex (OTCMKTS:BRLXFGet Rating) had its price objective reduced by Royal Bank of Canada from C$42.00 to C$40.00 in a research report sent to investors on Monday, The Fly reports.

Other equities research analysts have also issued research reports about the company. Credit Suisse Group lowered Boralex from an outperform rating to a neutral rating in a research report on Tuesday, October 25th. Industrial Alliance Securities raised Boralex from a hold rating to a buy rating in a research report on Friday, September 23rd. Scotiabank lowered their price target on Boralex from C$51.00 to C$50.00 in a research report on Thursday, November 10th. National Bank Financial boosted their price target on Boralex from C$48.00 to C$50.00 in a research report on Friday, October 7th. Finally, TD Securities reduced their target price on Boralex from C$53.00 to C$50.00 in a research note on Thursday, November 10th.

Boralex Price Performance

Shares of Boralex stock opened at $27.30 on Monday. The business’s 50 day simple moving average is $30.34 and its 200 day simple moving average is $32.81. Boralex has a 52-week low of $24.08 and a 52-week high of $39.72.

About Boralex

(Get Rating)

Boralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2021, the company had interests in 90 wind power stations with an installed capacity of 2,032 megawatts (MW); 16 hydroelectric power stations with a capacity of 181 MW; 12 solar power stations with an installed capacity of 244 MW; and one thermal power station with an installed capacity of 35 MW.

Further Reading

The Fly logo

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.