Innergex Renewable Energy (TSE:INE) Given New C$22.00 Price Target at Royal Bank of Canada
Innergex Renewable Energy (TSE:INE) had its target price upped by Royal Bank of Canada from C$17.00 to C$22.00 in a research report released on Monday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.
A number of other brokerages have also recently weighed in on INE. Raymond James reissued an outperform rating and set a C$17.50 target price on shares of Innergex Renewable Energy in a report on Thursday, November 14th. CIBC increased their target price on shares of Innergex Renewable Energy from C$18.00 to C$20.00 in a report on Friday, February 7th. BMO Capital Markets raised shares of Innergex Renewable Energy from a market perform rating to an outperform rating and increased their target price for the stock from C$17.00 to C$20.00 in a report on Monday, January 13th. National Bank Financial increased their target price on shares of Innergex Renewable Energy from C$20.00 to C$21.00 and gave the stock an outperform rating in a report on Thursday, February 6th. Finally, TD Securities increased their target price on shares of Innergex Renewable Energy from C$18.00 to C$22.00 and gave the stock a hold rating in a report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Innergex Renewable Energy currently has an average rating of Buy and a consensus price target of C$19.93.
TSE INE opened at C$21.63 on Monday. Innergex Renewable Energy has a 12 month low of C$13.61 and a 12 month high of C$22.28. The company has a debt-to-equity ratio of 414.46, a current ratio of 0.56 and a quick ratio of 0.42. The company has a market capitalization of $2.62 billion and a price-to-earnings ratio of 105.00. The company’s fifty day moving average price is C$18.41 and its two-hundred day moving average price is C$16.56.
Innergex Renewable Energy Company Profile
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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