Innergex Renewable Energy (TSE:INE) Price Target Increased to C$17.00 by Analysts at Royal Bank of Canada

Innergex Renewable Energy (TSE:INE) had its price target raised by Royal Bank of Canada from C$16.00 to C$17.00 in a research note released on Wednesday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

INE has been the subject of several other reports. National Bank Financial set a C$18.50 target price on Innergex Renewable Energy and gave the company an outperform rating in a report on Monday, September 30th. CIBC boosted their target price on Innergex Renewable Energy from C$15.50 to C$16.00 in a report on Wednesday, October 23rd. Finally, Raymond James reissued an outperform rating and issued a C$17.50 target price on shares of Innergex Renewable Energy in a report on Wednesday, August 14th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of C$16.44.

TSE INE traded down C$0.07 during trading on Wednesday, reaching C$16.94. 177,700 shares of the company’s stock were exchanged, compared to its average volume of 275,240. The stock has a market cap of $2.36 billion and a P/E ratio of 82.23. The company has a debt-to-equity ratio of 414.46, a quick ratio of 0.42 and a current ratio of 0.56. The company has a 50 day moving average price of C$16.09 and a two-hundred day moving average price of C$14.94. Innergex Renewable Energy has a 1 year low of C$12.19 and a 1 year high of C$17.12.

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 five segments: Hydroelectric Generation, Wind Power Generation, Solar Power Generation, Geothermal Generation, and Site Development.

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