Canaccord Genuity Boosts Boralex (BLX) Price Target to C$26.00

Boralex (TSE:BLX) had its target price hoisted by Canaccord Genuity from C$25.00 to C$26.00 in a research report sent to investors on Thursday morning.

Several other research firms also recently commented on BLX. National Bank Financial boosted their target price on shares of Boralex from C$24.00 to C$26.00 in a report on Thursday, November 30th. Raymond James Financial boosted 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 reissued an outperform rating and issued a C$25.50 target price on shares of Boralex in a report on Thursday, October 19th. TD Securities boosted their target price on shares of Boralex from C$25.00 to C$26.00 in a report on Monday, November 13th. Finally, CIBC boosted their target price on shares of Boralex from C$24.50 to C$25.00 in a report on Monday, November 13th.

Boralex (TSE BLX) opened at C$23.26 on Thursday. Boralex has a 1-year low of C$18.67 and a 1-year high of C$23.82. The company has a market cap of $1,770.00, a price-to-earnings ratio of -258.44 and a beta of 0.09.

In other Boralex news, Director Marie Giguère purchased 3,000 shares of Boralex stock in a transaction that occurred on Wednesday, November 15th. The shares were bought at an average price of C$22.18 per share, for a total transaction of C$66,540.00.

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About Boralex

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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