Boralex (BLX) Reaches New 1-Year High at $23.82
Boralex Inc. (TSE:BLX)’s share price reached a new 52-week high on Monday . The company traded as high as C$23.82 and last traded at C$23.37, with a volume of 109053 shares. The stock had previously closed at C$23.05.
A number of research firms have recently weighed in on BLX. National Bank Financial boosted their price target on Boralex from C$24.00 to C$26.00 in a report on Thursday, November 30th. Raymond James Financial boosted their price target on 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 price target on shares of Boralex in a report on Thursday, October 19th. TD Securities boosted their price target on Boralex from C$25.00 to C$26.00 in a report on Monday, November 13th. Finally, CIBC boosted their price target on Boralex from C$24.50 to C$25.00 in a report on Monday, November 13th.
The stock has a market capitalization of $1,790.00, a price-to-earnings ratio of -260.22 and a beta of 0.09.
In other Boralex news, Director Marie Giguère bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average cost of C$22.18 per share, for a total transaction of C$66,540.00.
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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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