Innergex Renewable Energy (TSE:INE) PT Raised to C$25.00

Innergex Renewable Energy (TSE:INEGet Rating) had its target price increased by equities researchers at Credit Suisse Group from C$24.00 to C$25.00 in a report issued on Wednesday, Stock Target Advisor reports. Credit Suisse Group’s price objective would suggest a potential upside of 34.92% from the stock’s current price.

INE has been the topic of several other reports. Raymond James lowered their price objective on Innergex Renewable Energy from C$26.75 to C$24.00 and set an “outperform” rating on the stock in a research report on Thursday, February 24th. CSFB increased their price target on Innergex Renewable Energy from C$24.00 to C$25.00 in a research note on Wednesday. CIBC lowered their price target on shares of Innergex Renewable Energy from C$22.50 to C$21.00 in a report on Tuesday, January 11th. TD Securities downgraded shares of Innergex Renewable Energy from a “buy” rating to a “hold” rating and set a C$21.00 price objective for the company. in a research note on Monday, April 4th. Finally, Scotiabank decreased their price target on shares of Innergex Renewable Energy from C$26.50 to C$20.25 in a research note on Thursday, January 27th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Innergex Renewable Energy currently has a consensus rating of “Buy” and an average target price of C$23.66.

Innergex Renewable Energy stock traded up C$0.35 during mid-day trading on Wednesday, reaching C$18.53. 385,289 shares of the company’s stock were exchanged, compared to its average volume of 545,939. The company has a quick ratio of 0.38, a current ratio of 0.53 and a debt-to-equity ratio of 373.46. The business’s fifty day simple moving average is C$18.82 and its 200 day simple moving average is C$18.92. Innergex Renewable Energy has a one year low of C$16.57 and a one year high of C$23.27. The firm has a market capitalization of C$3.78 billion and a PE ratio of -16.97.

Innergex Renewable Energy (TSE:INEGet Rating) last posted its earnings results on Wednesday, February 23rd. The company reported C($0.06) EPS for the quarter. The company had revenue of C$202.39 million during the quarter. On average, sell-side analysts forecast that Innergex Renewable Energy will post 0.38 earnings per share for the current year.

Innergex Renewable Energy Company Profile (Get Rating)

Innergex Renewable Energy Inc operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates hydroelectric facilities, and wind and solar farms, as well as energy storage facilities. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.

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