Innergex Renewable Energy Inc. (TSE:INE – Get Rating) has been given an average recommendation of “Moderate Buy” by the ten analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$19.65.
A number of research firms have recently commented on INE. Credit Suisse Group increased their price objective on Innergex Renewable Energy to C$22.00 and gave the company an “outperform” rating in a report on Monday, November 21st. Cormark dropped their price target on Innergex Renewable Energy from C$20.00 to C$19.00 in a research note on Tuesday, January 24th. CIBC dropped their price target on Innergex Renewable Energy from C$20.00 to C$19.00 and set a “neutral” rating on the stock in a research note on Friday, February 24th. CSFB lifted their target price on Innergex Renewable Energy from C$21.50 to C$22.00 in a research note on Monday, November 21st. Finally, BMO Capital Markets lowered their target price on Innergex Renewable Energy from C$19.00 to C$18.00 in a research note on Thursday, January 19th.
Innergex Renewable Energy Price Performance
INE stock opened at C$14.91 on Friday. The company has a debt-to-equity ratio of 405.34, a current ratio of 0.81 and a quick ratio of 0.58. The firm has a market capitalization of C$3.04 billion, a P/E ratio of -34.67, a P/E/G ratio of 20.61 and a beta of 0.34. The business’s 50-day moving average is C$15.64 and its two-hundred day moving average is C$16.58. Innergex Renewable Energy has a 1 year low of C$13.53 and a 1 year high of C$20.46.
Innergex Renewable Energy Dividend Announcement
Innergex Renewable Energy Company Profile
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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