Boralex Inc. (BLX) Director Purchases C$66,540.00 in Stock

Boralex Inc. (TSE:BLX) Director Marie Giguère bought 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were purchased at an average price of C$22.18 per share, for a total transaction of C$66,540.00.

Shares of Boralex Inc. (TSE BLX) traded up C$0.11 during trading on Friday, reaching C$22.37. 102,800 shares of the company’s stock traded hands, compared to its average volume of 172,759. Boralex Inc. has a one year low of C$16.74 and a one year high of C$23.21.

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A number of analysts recently weighed in on BLX shares. Raymond James Financial, Inc. upped their target price on shares of Boralex from C$24.50 to C$26.00 in a research note on Tuesday, October 24th. BMO Capital Markets upped their target price on shares of Boralex from C$24.50 to C$25.00 in a research note on Friday, September 8th. TD Securities increased their price target on shares of Boralex from C$25.00 to C$26.00 in a research note on Monday, November 13th. Finally, CIBC increased their price target on shares of Boralex from C$24.50 to C$25.00 in a research note on Monday, November 13th.

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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