Boralex (OTCMKTS:BRLXF) Price Target Increased to C$49.00 by Analysts at CIBC

Boralex (OTCMKTS:BRLXFGet Rating) had its price objective hoisted by CIBC from C$44.00 to C$49.00 in a research report released on Tuesday, The Fly reports.

BRLXF has been the subject of a number of other research reports. National Bank Financial increased their target price on shares of Boralex from C$48.00 to C$50.00 in a research report on Friday, October 7th. BMO Capital Markets cut their target price on shares of Boralex from C$50.00 to C$49.00 in a research report on Tuesday, January 3rd. Industrial Alliance Securities upgraded shares of Boralex from a hold rating to a buy rating in a research report on Friday, September 23rd. Desjardins increased their target price on shares of Boralex from C$47.00 to C$49.00 in a research report on Tuesday, January 3rd. Finally, Royal Bank of Canada cut their target price on shares of Boralex from C$42.00 to C$40.00 in a research report on Monday, November 21st.

Boralex Stock Performance

OTCMKTS BRLXF opened at $30.45 on Tuesday. Boralex has a 52-week low of $24.08 and a 52-week high of $39.72. The company has a 50-day simple moving average of $28.59 and a 200 day simple moving average of $32.15.

Boralex Company Profile

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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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