Innergex Renewable Energy (TSE:INE) Price Target Cut to C$11.50 by Analysts at Raymond James

Innergex Renewable Energy (TSE:INE) had its target price cut by Raymond James from C$13.00 to C$11.50 in a research note published on Monday,BayStreet.CA reports.

Other analysts also recently issued research reports about the stock. CIBC dropped their target price on shares of Innergex Renewable Energy from C$11.50 to C$11.00 in a research report on Thursday, November 7th. TD Securities boosted their target price on shares of Innergex Renewable Energy from C$8.00 to C$9.00 and gave the stock a “hold” rating in a research report on Friday, February 21st. National Bankshares dropped their target price on shares of Innergex Renewable Energy from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. Cormark dropped their target price on shares of Innergex Renewable Energy from C$10.00 to C$9.50 in a research report on Thursday, January 30th. Finally, Scotiabank dropped their target price on shares of Innergex Renewable Energy from C$11.50 to C$10.50 in a research report on Thursday, January 30th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Innergex Renewable Energy presently has a consensus rating of “Hold” and an average target price of C$11.59.

Innergex Renewable Energy Trading Down 0.1 %

TSE INE opened at C$13.46 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.56 and a debt-to-equity ratio of 620.44. The firm has a market cap of C$2.76 billion, a PE ratio of -21.59, a price-to-earnings-growth ratio of 20.61 and a beta of 0.36. The company has a 50 day moving average price of C$8.00 and a 200 day moving average price of C$8.84. Innergex Renewable Energy has a 52 week low of C$6.98 and a 52 week high of C$13.53.

Innergex Renewable Energy Company Profile

For over 30 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity, which led to Innergex being recognized as Canada’s best corporate citizens in 2023 by Corporate Knights. As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating power from renewable sources will lead the way to a better world.