Innergex Renewable Energy (INE) Given a C$13.50 Price Target at Canaccord Genuity

Canaccord Genuity set a C$13.50 target price on Innergex Renewable Energy (TSE:INE) in a research report report published on Monday.

A number of other brokerages also recently weighed in on INE. Raymond James cut their price target on shares of Innergex Renewable Energy from C$29.00 to C$20.00 and set an outperform rating for the company in a report on Friday, August 3rd. TD Securities upped their price target on shares of Innergex Renewable Energy from C$15.50 to C$16.00 and gave the company a buy rating in a report on Wednesday, August 8th. National Bank Financial cut their price target on shares of Innergex Renewable Energy from C$19.00 to C$18.50 and set an outperform rating for the company in a report on Friday, July 27th. BMO Capital Markets cut their price target on shares of Innergex Renewable Energy from C$15.50 to C$13.50 in a report on Tuesday, November 6th. Finally, Industrial Alliance Securities cut their price target on shares of Innergex Renewable Energy from C$18.00 to C$16.00 in a report on Tuesday, October 9th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of C$15.50.

Shares of TSE INE opened at C$12.43 on Monday. Innergex Renewable Energy has a twelve month low of C$11.66 and a twelve month high of C$14.74. The company has a quick ratio of 0.58, a current ratio of 0.80 and a debt-to-equity ratio of 406.98.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date of this dividend is Friday, December 28th. Innergex Renewable Energy’s payout ratio is 456.08%.

Innergex Renewable Energy Company Profile

Innergex Renewable Energy Inc operates as an independent renewable power producer. It develops, owns, and operates run-of-river hydroelectric facilities, wind farms, solar photovoltaic farms, and geothermal power facilities. The company operates through four segments: Hydroelectric Generation, Wind Power Generation, Solar Power Generation, and Site Development.

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Analyst Recommendations for Innergex Renewable Energy (TSE:INE)

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