Innergex Renewable Energy (TSE:INE) had its price target lowered by investment analysts at TD Securities from C$16.00 to C$15.50 in a note issued to investors on Thursday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential upside of 11.99% from the stock’s current price.

Other analysts also recently issued reports about the stock. Desjardins restated an “average” rating and set a C$15.50 target price on shares of Innergex Renewable Energy in a report on Wednesday, April 24th. BMO Capital Markets lifted their price objective on shares of Innergex Renewable Energy from C$13.50 to C$15.00 and gave the company a “market perform” rating in a report on Wednesday, February 13th. Raymond James set a C$17.00 price objective on shares of Innergex Renewable Energy and gave the company an “outperform” rating in a report on Wednesday. Finally, National Bank Financial lifted their price objective on shares of Innergex Renewable Energy from C$17.50 to C$18.50 and gave the company an “outperform” rating in a report on Tuesday, February 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Innergex Renewable Energy currently has an average rating of “Hold” and a consensus target price of C$15.86.

INE stock traded up C$0.10 during mid-day trading on Thursday, hitting C$13.84. 187,235 shares of the company were exchanged, compared to its average volume of 269,030. The company has a debt-to-equity ratio of 490.74, a quick ratio of 0.29 and a current ratio of 0.36. The company has a market capitalization of $1.88 billion and a P/E ratio of 67.18. Innergex Renewable Energy has a 1-year low of C$11.66 and a 1-year high of C$14.75.

Innergex Renewable Energy (TSE:INE) last announced its earnings results on Wednesday, February 27th. The company reported C$0.10 EPS for the quarter, topping the consensus estimate of C$0.06 by C$0.04. The company had revenue of C$166.16 million for the quarter, compared to analyst estimates of C$162.30 million. Analysts forecast that Innergex Renewable Energy will post 0.409999961404783 earnings per share for the current year.

About Innergex Renewable Energy

Innergex Renewable Energy Inc operates as an independent renewable power producer. It develops, owns, and operates run-of-river hydroelectric facilities, wind farms, solar photovoltaic farms, and geothermal power facilities. The company operates through five segments: Hydroelectric Generation, Wind Power Generation, Solar Power Generation, Geothermal Generation, and Site Development.

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Analyst Recommendations for Innergex Renewable Energy (TSE:INE)

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