CSFB Raises Innergex Renewable Energy (TSE:INE) Price Target to C$22.00

Innergex Renewable Energy (TSE:INEGet Rating) had its price objective increased by CSFB from C$21.50 to C$22.00 in a report published on Monday, BayStreet.CA reports.

Several other analysts also recently weighed in on INE. Scotiabank decreased their price target on shares of Innergex Renewable Energy from C$21.50 to C$18.00 in a research note on Thursday, October 20th. TD Securities raised shares of Innergex Renewable Energy from a hold rating to a buy rating and set a C$19.50 price target for the company in a research note on Wednesday, November 9th. Royal Bank of Canada cut their price objective on shares of 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. BMO Capital Markets cut their price objective on shares of Innergex Renewable Energy from C$21.00 to C$19.00 in a report on Tuesday, November 8th. Finally, CIBC cut their price objective on shares of Innergex Renewable Energy from C$23.00 to C$20.00 in a report on Tuesday, October 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of C$20.95.

Innergex Renewable Energy Trading Up 0.1 %

Shares of INE stock opened at C$16.42 on Monday. The firm has a market capitalization of C$3.35 billion and a PE ratio of -172.84. The stock has a fifty day simple moving average of C$16.26 and a two-hundred day simple moving average of C$17.66. The company has a debt-to-equity ratio of 345.86, a quick ratio of 0.58 and a current ratio of 0.80. Innergex Renewable Energy has a 52-week low of C$14.23 and a 52-week high of C$20.46.

Innergex Renewable Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 16th. Shareholders of record on Friday, December 30th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend is Thursday, December 29th. Innergex Renewable Energy’s dividend payout ratio is currently -757.89%.

Innergex Renewable Energy Company Profile

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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.

Further Reading

Analyst Recommendations for Innergex Renewable Energy (TSE:INE)

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