Innergex Renewable Energy (TSE:INE) Given New C$19.00 Price Target at Cormark

Innergex Renewable Energy (TSE:INEGet Rating) had its price objective reduced by Cormark from C$20.00 to C$19.00 in a report issued on Tuesday morning, BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. Royal Bank of Canada dropped their target price on Innergex Renewable Energy from C$21.00 to C$19.00 and set a sector perform rating on the stock in a report on Wednesday, November 9th. National Bankshares set a C$23.00 price target on shares of Innergex Renewable Energy and gave the stock an outperform rating in a research report on Monday, October 17th. CSFB lifted their price target on shares of Innergex Renewable Energy from C$21.50 to C$22.00 in a research report on Monday, November 21st. BMO Capital Markets decreased their price target on shares of Innergex Renewable Energy from C$19.00 to C$18.00 in a research report on Thursday, January 19th. Finally, Credit Suisse Group lifted their price target on shares of Innergex Renewable Energy to C$22.00 and gave the stock an outperform rating in a research report on Monday, November 21st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of C$20.45.

Innergex Renewable Energy Stock Performance

INE opened at C$16.17 on Tuesday. The business’s 50 day moving average is C$16.41 and its 200-day moving average is C$17.37. The stock has a market cap of C$3.30 billion and a PE ratio of -170.21. The company has a current ratio of 0.80, a quick ratio of 0.58 and a debt-to-equity ratio of 345.86. Innergex Renewable Energy has a twelve month low of C$14.23 and a twelve month high of C$20.46.

Innergex Renewable Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 16th. Shareholders of record on Monday, January 16th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.45%. The ex-dividend date was Thursday, December 29th. Innergex Renewable Energy’s payout ratio is -757.89%.

About Innergex Renewable Energy

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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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Analyst Recommendations for Innergex Renewable Energy (TSE:INE)

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