Innergex Renewable Energy (TSE:INE) had its price objective lowered by research analysts at CIBC from C$15.50 to C$15.00 in a research report issued to clients and investors on Thursday. CIBC’s target price would indicate a potential upside of 3.59% from the stock’s current price.
Several other equities analysts have also weighed in on the company. Raymond James Financial lifted their price target 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. TD Securities lifted their price target 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. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of C$16.90.
Shares of Innergex Renewable Energy (TSE INE) traded up C$0.06 during trading on Thursday, hitting C$14.48. The company had a trading volume of 198,519 shares, compared to its average volume of 154,484. 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 $1,550.00, a price-to-earnings ratio of 57.92 and a beta of 0.26.
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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.
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