Boralex (OTCMKTS:BRLXF) Trading Down 5.3%

Boralex Inc. (OTCMKTS:BRLXF – Get Rating)’s stock price was down 5.3% on Tuesday . The company traded as low as $27.99 and last traded at $28.00. Approximately 400 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 2,033 shares. The stock had previously closed at $29.57.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BRLXF shares. National Bank Financial lifted their target price on Boralex from C$42.00 to C$46.00 in a research report on Wednesday, April 19th. CIBC decreased their price target on shares of Boralex from C$48.00 to C$46.00 in a research report on Monday, February 27th. Finally, Raymond James dropped their price target on shares of Boralex from C$53.00 to C$50.50 in a research note on Monday, February 27th.

Boralex Trading Down 5.3 %

The business has a fifty day simple moving average of $29.36 and a 200 day simple moving average of $28.73.

About Boralex

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Boralex, Inc engages in the development, construction, and operation of renewable energy power facilities. It operates through the following segments: Wind Power Stations, Hydroelectric Power Stations, Solar Power Stations, Thermal Power Power Stations, and Corporate. The company was founded on November 9, 1982 and is headquartered in Kingsey Falls, Canada.