Innergex Renewable Energy Inc. (OTCMKTS:INGXF – Get Rating) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $12.17 and traded as low as $12.04. Innergex Renewable Energy shares last traded at $12.04, with a volume of 377 shares changing hands.
Analysts Set New Price Targets
INGXF has been the topic of a number of recent analyst reports. National Bank Financial decreased their target price on Innergex Renewable Energy from C$25.00 to C$23.00 in a research report on Friday, October 7th. Scotiabank boosted their target price on shares of Innergex Renewable Energy from C$18.00 to C$19.25 in a research note on Thursday, December 15th. TD Securities upgraded Innergex Renewable Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 9th. BMO Capital Markets reduced their price objective on Innergex Renewable Energy from C$21.00 to C$19.00 in a research report on Tuesday, November 8th. Finally, CIBC downgraded Innergex Renewable Energy from an “outperform” rating to a “neutral” rating in a research report on Monday, January 9th.
Innergex Renewable Energy Stock Performance
The company has a 50-day moving average of $12.17 and a 200-day moving average of $13.10. The firm has a market capitalization of $2.46 billion, a P/E ratio of -66.89 and a beta of 0.52. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 3.51.
Innergex Renewable Energy Cuts Dividend
About Innergex Renewable Energy
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.
- Get a free copy of the StockNews.com research report on Innergex Renewable Energy (INGXF)
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