Innergex Renewable Energy (TSE:INE) had its price target cut by TD Securities from C$17.50 to C$17.00 in a research note published on Wednesday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

Several other research analysts also recently issued reports on INE. CIBC boosted their price objective on shares of Innergex Renewable Energy from C$16.00 to C$16.50 in a report on Wednesday. Royal Bank of Canada upped their target price on shares of Innergex Renewable Energy from C$16.00 to C$17.00 and gave the company a sector perform rating in a research note on Wednesday. National Bank Financial set a C$18.50 target price on shares of Innergex Renewable Energy and gave the company an outperform rating in a research note on Monday, September 30th. Finally, Raymond James reissued an outperform rating and issued a C$17.50 target price on shares of Innergex Renewable Energy in a research note on Wednesday, August 14th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of C$16.44.

Shares of TSE:INE traded down C$0.07 on Wednesday, hitting C$16.94. 177,700 shares of the company were exchanged, compared to its average volume of 275,240. The company’s 50 day moving average price is C$16.09 and its two-hundred day moving average price is C$14.94. Innergex Renewable Energy has a one year low of C$12.19 and a one year high of C$17.12. The company has a debt-to-equity ratio of 414.46, a quick ratio of 0.42 and a current ratio of 0.56. The firm has a market capitalization of $2.36 billion and a price-to-earnings ratio of 82.23.

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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