Desjardins Trims Boralex (OTCMKTS:BRLXF) Target Price to C$47.00

Boralex (OTCMKTS:BRLXFGet Rating) had its price target cut by Desjardins from C$48.00 to C$47.00 in a research report report published on Monday, The Fly reports.

A number of other equities research analysts also recently issued reports on BRLXF. Industrial Alliance Securities raised shares of Boralex from a hold rating to a buy rating in a research note on Friday, September 23rd. TD Securities reduced their price target on shares of Boralex from C$53.00 to C$50.00 in a research note on Thursday, November 10th. BMO Capital Markets reduced their price target on shares of Boralex from C$53.00 to C$50.00 in a research note on Monday. Credit Suisse Group downgraded shares of Boralex from an outperform rating to a neutral rating in a research note on Tuesday, October 25th. Finally, Scotiabank cut their target price on shares of Boralex from C$51.00 to C$50.00 in a research note on Thursday, November 10th.

Boralex Stock Performance

OTCMKTS:BRLXF opened at $27.30 on Monday. The company’s 50-day moving average is $30.34 and its two-hundred day moving average is $32.81. Boralex has a 1-year low of $24.08 and a 1-year high of $39.72.

About Boralex

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Boralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2021, the company had interests in 90 wind power stations with an installed capacity of 2,032 megawatts (MW); 16 hydroelectric power stations with a capacity of 181 MW; 12 solar power stations with an installed capacity of 244 MW; and one thermal power station with an installed capacity of 35 MW.

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