Innergex Renewable Energy Inc (INE) Shares Down 1.1%
Innergex Renewable Energy Inc (TSE:INE) traded down 1.1% on Friday . The stock traded as low as C$13.56 and last traded at C$13.70. 158,128 shares traded hands during trading, an increase of 28% from the average session volume of 123,795 shares. The stock had previously closed at C$13.55.
Several equities research analysts have weighed in on the company. TD Securities upped their price target on Innergex Renewable Energy from C$15.00 to C$15.50 and gave the stock a “hold” rating in a report on Tuesday, October 31st. BMO Capital Markets upped their price target on Innergex Renewable Energy from C$18.50 to C$19.00 in a report on Friday, September 8th. Three equities 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$17.10.
In other news, insider Jean Trudel sold 1,900 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of C$15.39, for a total transaction of C$29,241.00.
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.
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