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 (TSE:INE) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$0.13 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.07 by C$0.06. The company had revenue of C$142.81 million for the quarter, compared to the consensus estimate of C$139.00 million. As a group, analysts anticipate that Innergex Renewable Energy will post 0.2801292 EPS for the current year.

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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Analyst Recommendations for Innergex Renewable Energy (TSE:INE)

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