Innergex Renewable Energy Inc (TSE:INE) reached a new 52-week low on Wednesday . The stock traded as low as C$13.06 and last traded at C$13.06, with a volume of 188448 shares changing hands. The stock had previously closed at C$13.12.

INE has been the subject of a number of analyst reports. BMO Capital Markets cut shares of Innergex Renewable Energy from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from C$19.00 to C$15.00 in a report on Wednesday, February 7th. CIBC reduced their price objective on shares of Innergex Renewable Energy from C$15.50 to C$15.00 in a report on Thursday, January 11th. Raymond James Financial lifted their price objective on shares of Innergex Renewable Energy from C$18.50 to C$19.00 and gave the company an “outperform” rating in a report on Tuesday, December 19th. Finally, TD Securities lifted their price objective on shares of Innergex Renewable Energy from C$15.00 to C$15.50 and gave the company a “hold” rating in a report on Tuesday, October 31st. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Innergex Renewable Energy presently has a consensus rating of “Hold” and an average target price of C$16.10.

The stock has a market cap of $1,420.00, a price-to-earnings ratio of 52.48 and a beta of 0.22.

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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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