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

Boralex (OTCMKTS:BRLXFGet Rating) had its target price trimmed by Royal Bank of Canada from C$42.00 to C$40.00 in a report published on Monday morning, The Fly reports.

Other equities research analysts have also issued research reports about the company. BMO Capital Markets reduced their price target on Boralex from C$53.00 to C$50.00 in a research report on Monday. Scotiabank cut their target price on Boralex from C$51.00 to C$50.00 in a research report on Thursday, November 10th. Credit Suisse Group lowered Boralex from an outperform rating to a neutral rating in a research report on Tuesday, October 25th. National Bank Financial upped their target price on Boralex from C$48.00 to C$50.00 in a research report on Friday, October 7th. Finally, TD Securities cut their target price on Boralex from C$53.00 to C$50.00 in a research report on Thursday, November 10th.

Boralex Stock Performance

OTCMKTS BRLXF opened at $27.30 on Monday. The business’s 50-day moving average price is $30.34 and its two-hundred day moving average price is $32.81. Boralex has a 12 month low of $24.08 and a 12 month high of $39.72.

About Boralex

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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.

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