Boralex (BLX) Given New C$25.00 Price Target at TD Securities

Boralex (TSE:BLX) had its price target trimmed by TD Securities from C$26.00 to C$25.00 in a report released on Monday morning. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Desjardins upped their price objective on Boralex from C$25.50 to C$26.00 in a research note on Monday, April 23rd. National Bank Financial lowered their price objective on Boralex from C$27.00 to C$25.50 and set an outperform rating on the stock in a research note on Friday, July 27th. Finally, BMO Capital Markets reiterated an outperform rating and issued a C$25.50 price objective on shares of Boralex in a research note on Monday, April 23rd. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of C$25.25.

BLX stock opened at C$18.96 on Monday. Boralex has a 1-year low of C$18.47 and a 1-year high of C$25.03.

About Boralex

Boralex Inc, together with its subsidiaries, develops, constructs, and operates renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2017, the company had interests in 55 wind power stations with an installed capacity of 1,237 megawatts (MW); 15 hydroelectric power stations with a capacity of 172 MW; 2 thermal power stations with an installed capacity of 47 MW; and 3 solar power facilities with an installed capacity of 16 MW.

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