Innergex Renewable Energy Inc (TSE:INE) had its price target lifted by BMO Capital Markets from C$18.50 to C$19.00 in a report published on Friday.

Shares of Innergex Renewable Energy (TSE INE) opened at 15.56 on Friday. Innergex Renewable Energy has a 12 month low of $12.43 and a 12 month high of $15.62. The firm has a market capitalization of $1.69 billion and a P/E ratio of 70.41. The firm’s 50-day moving average price is $14.58 and its 200 day moving average price is $14.44.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 4.24%. This is a boost from Innergex Renewable Energy’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, September 28th.

In other Innergex Renewable Energy news, Director Monique Mercier bought 2,000 shares of Innergex Renewable Energy stock in a transaction dated Tuesday, August 8th. The stock was acquired at an average cost of C$14.34 per share, with a total value of C$28,680.00.

Innergex Renewable Energy Company Profile

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.

Analyst Recommendations for Innergex Renewable Energy (TSE:INE)

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