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Innergex Renewable Energy (TSE:INE) released its earnings data on Friday. The company reported $0.06 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.10, Stock Ratings News reports.

A number of research firms have recently commented on INE. Analysts at Scotiabank raised their price target on shares of Innergex Renewable Energy from C$11.00 to C$11.50 in a research note on Monday, June 23rd. They now have a “sector perform” rating on the stock. On the ratings front, analysts at BMO Capital Markets raised their price target on shares of Innergex Renewable Energy from C$10.50 to C$11.00 in a research note on Monday, June 23rd. They now have a “market perform” rating on the stock. Finally, analysts at TD Securities raised their price target on shares of Innergex Renewable Energy from C$11.00 to C$11.50 in a research note on Monday, June 23rd. They now have a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus target price of C$11.25.

Shares of Innergex Renewable Energy (TSE:INE) opened at 10.75 on Friday. Innergex Renewable Energy has a 52-week low of $8.51 and a 52-week high of $11.43. The stock’s 50-day moving average is $10.76 and its 200-day moving average is $10.38. The company has a market cap of $1.033 billion and a price-to-earnings ratio of 88.83.

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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