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

Innergex Renewable Energy (TSE:INE) had its price target decreased by research analysts at Raymond James from C$13.00 to C$11.50 in a research note issued to investors on Monday,BayStreet.CA reports. Raymond James’ price objective points to a potential upside of 30.53% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. TD Securities increased their price target on Innergex Renewable Energy from C$8.00 to C$9.00 and gave the company a “hold” rating in a research note on Friday. CIBC lowered their price target on shares of Innergex Renewable Energy from C$11.50 to C$11.00 in a report on Thursday, November 7th. Scotiabank cut their target price on shares of Innergex Renewable Energy from C$11.50 to C$10.50 in a report on Thursday, January 30th. Cormark decreased their price objective on shares of Innergex Renewable Energy from C$10.00 to C$9.50 in a report on Thursday, January 30th. Finally, National Bankshares lowered their price target on Innergex Renewable Energy from C$17.00 to C$16.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$11.63.

Innergex Renewable Energy Trading Down 1.6 %

Shares of TSE INE traded down C$0.14 during trading hours on Monday, reaching C$8.81. The stock had a trading volume of 403,778 shares, compared to its average volume of 651,764. The business’s fifty day moving average price is C$7.79 and its two-hundred day moving average price is C$8.79. The firm has a market cap of C$1.81 billion, a price-to-earnings ratio of -14.13, a P/E/G ratio of 20.61 and a beta of 0.36. Innergex Renewable Energy has a 52-week low of C$6.98 and a 52-week high of C$10.96. The company has a current ratio of 0.56, a quick ratio of 0.58 and a debt-to-equity ratio of 620.44.

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.