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Shares of Innergex Renewable Energy (TSE:INE) have been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the stock, Analyst RN reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$11.00.

Shares of Innergex Renewable Energy (TSE:INE) traded up 0.49% during mid-day trading on Wednesday, hitting $10.31. 4,336 shares of the company’s stock traded hands. Innergex Renewable Energy has a 52-week low of $8.37 and a 52-week high of $11.43. The stock has a 50-day moving average of $10.49 and a 200-day moving average of $10.15. The company has a market cap of $990.4 million and a P/E ratio of 23.86.

Innergex Renewable Energy (TSE:INE) last issued its quarterly earnings data on Wednesday, May 14th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.25. On average, analysts predict that Innergex Renewable Energy will post $-0.08 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.85%.

Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Innergex Renewable Energy from C$10.00 to C$11.00 in a research note on Thursday, May 15th. They now have a “sector perform” rating on the stock. Separately, analysts at Canaccord Genuity downgraded shares of Innergex Renewable Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th. Finally, analysts at National Bank Financial raised their price target on shares of Innergex Renewable Energy from C$10.75 to C$11.25 in a research note on Wednesday, May 14th. They now have a “sector perform” rating on the stock.

Innergex Renewable Energy Inc is a developer, owner and operator of run-of-river hydroelectric facilities, wind energy farms and of solar photovoltaic (TSE:INE) farms in North America.

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