Innergex Renewable Energy (INE) Given New C$15.00 Price Target at CIBC
Innergex Renewable Energy (TSE:INE) had its target price dropped by stock analysts at CIBC from C$15.50 to C$15.00 in a research note issued to investors on Thursday. CIBC’s price objective would suggest a potential upside of 7.91% from the stock’s previous close.
Several other brokerages also recently issued reports on INE. Raymond James Financial increased their price target on Innergex Renewable Energy from C$18.50 to C$19.00 and gave the stock an “outperform” rating in a report on Tuesday, December 19th. TD Securities increased 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$16.90.
Shares of Innergex Renewable Energy (TSE:INE) opened at C$13.90 on Thursday. Innergex Renewable Energy has a fifty-two week low of C$13.39 and a fifty-two week high of C$15.72. The stock has a market capitalization of $1,510.00, a PE ratio of 55.60 and a beta of 0.26.
About Innergex Renewable Energy
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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