Innergex Renewable Energy (INE) Price Target Cut to C$15.00

Innergex Renewable Energy (TSE:INE) had its price objective lowered by CIBC from C$15.50 to C$15.00 in a research report report published on Thursday morning.

Several other analysts also recently commented on INE. TD Securities increased their target price on Innergex Renewable Energy from C$15.00 to C$15.50 and gave the company a hold rating in a research note on Tuesday, October 31st. Raymond James Financial increased their target price on Innergex Renewable Energy from C$18.50 to C$19.00 and gave the company an outperform rating in a research note on Tuesday, December 19th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of C$16.90.

Shares of Innergex Renewable Energy (TSE:INE) traded down C$0.14 on Thursday, reaching C$13.90. The company’s stock had a trading volume of 289,521 shares, compared to its average volume of 190,374. Innergex Renewable Energy has a 1-year low of C$13.39 and a 1-year high of C$15.72. The stock has a market cap of $1,510.00, a P/E ratio of 55.60 and a beta of 0.26.

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Innergex Renewable Energy Company Profile

Innergex Renewable Energy Inc is a Canada-based renewable power producer. The Company is a developer, owner and operator of renewable power-generating facilities with a focus on hydroelectric, wind power and solar photovoltaic (PV) projects. It operates through four segments: hydroelectric generation, wind power generation, solar power generation and site development.

Analyst Recommendations for Innergex Renewable Energy (TSE:INE)

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