Boralex Inc. (TSE:BLX) Given New C$24.50 Price Target at CIBC

Boralex Inc. (TSE:BLX) had its price objective dropped by stock analysts at CIBC from C$25.00 to C$24.50 in a report released on Thursday. CIBC’s price target would suggest a potential upside of 12.70% from the company’s current price.

Several other research analysts have also weighed in on BLX. Royal Bank Of Canada increased their price objective on Boralex from C$23.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Friday, May 5th. TD Securities reiterated a “buy” rating and issued a C$24.00 price objective on shares of Boralex in a research report on Friday, May 5th. Seven research analysts have rated the stock with a buy rating, Boralex currently has a consensus rating of “Buy” and a consensus target price of C$24.08.

Boralex (TSE:BLX) traded down 0.14% during trading on Thursday, reaching $21.71. The company’s stock had a trading volume of 202,114 shares. The stock has a 50-day moving average of $21.66 and a 200 day moving average of $21.25. Boralex has a one year low of $16.06 and a one year high of $23.00. The firm’s market capitalization is $1.65 billion.

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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, 2016, the company had interests in 50 wind power stations with an installed capacity of 798 megawatts (MW); 15 hydroelectric power stations with a capacity of 156 MW; 2 thermal power stations with an installed capacity of 47 MW; and 3 solar power facilities with an installed capacity of 16 MW.

Analyst Recommendations for Boralex (TSE:BLX)

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