Boralex Inc. (TSE:BLX) had its target price decreased by CIBC from C$25.00 to C$24.50 in a report published on Thursday, StockTargetPrices.com reports.
Several other research analysts have also weighed in on the stock. TD Securities restated a buy rating and set a C$24.00 target price on shares of Boralex in a research report on Friday, May 5th. Royal Bank Of Canada upped their target price on shares of Boralex from C$23.00 to C$24.00 and gave the stock an outperform rating in a research report on Friday, May 5th. Seven research analysts have rated the stock with a buy rating, Boralex has a consensus rating of Buy and an average price target of C$24.08.
Boralex (TSE BLX) opened at 21.97 on Thursday. The stock’s market capitalization is $1.67 billion. Boralex has a 52 week low of $16.06 and a 52 week high of $23.00. The company has a 50-day moving average of $21.66 and a 200-day moving average of $21.37.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.15 per share. This is a positive change from Boralex’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 2.73%. The ex-dividend date is Tuesday, August 29th.
In other Boralex news, Director Michelle Samson-Doel sold 4,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of C$22.00, for a total transaction of C$88,000.00.
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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