Innergex Renewable Energy Inc (TSE:INE) had its target price cut by TD Securities from C$16.00 to C$14.50 in a research note published on Friday, StockTargetPrices.com reports. They currently have a hold rating on the stock.

Several other research analysts have also recently issued reports on INE. Royal Bank Of Canada increased their target price on shares of Innergex Renewable Energy from C$15.00 to C$16.00 and gave the stock a sector perform rating in a report on Monday, August 8th. Raymond James Financial Inc. increased their target price on shares of Innergex Renewable Energy from C$16.25 to C$17.50 in a report on Thursday, July 21st. CIBC reiterated a sector perform rating and set a C$15.50 target price on shares of Innergex Renewable Energy in a report on Wednesday, September 7th. BMO Capital Markets increased their target price on shares of Innergex Renewable Energy from C$17.00 to C$18.00 and gave the stock an outperform rating in a report on Friday, August 5th. Finally, Desjardins increased their target price on shares of Innergex Renewable Energy from C$15.00 to C$15.25 and gave the stock a hold rating in a report on Wednesday, August 17th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of C$16.34.

Innergex Renewable Energy (TSE:INE) opened at 13.21 on Friday. Innergex Renewable Energy has a 12-month low of $9.98 and a 12-month high of $15.80. The stock’s 50 day moving average is $14.41 and its 200 day moving average is $14.58. The stock’s market capitalization is $1.43 billion.

About Innergex Renewable Energy

Innergex Renewable Energy Inc is an independent 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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