Innergex Renewable Energy Inc (TSE:INE) has earned an average rating of “Hold” from the eight ratings firms that are covering the company. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$16.53.

Several equities research analysts recently issued reports on the company. BMO Capital Markets boosted their price target on Innergex Renewable Energy from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research note on Friday, August 5th. Desjardins boosted their price target on Innergex Renewable Energy from C$15.00 to C$15.25 and gave the company a “hold” rating in a research note on Wednesday, August 17th. Raymond James Financial Inc. boosted their price target on Innergex Renewable Energy from C$16.25 to C$17.50 in a research note on Thursday, July 21st. TD Securities boosted their price target on Innergex Renewable Energy from C$15.00 to C$16.00 and gave the company a “hold” rating in a research note on Friday, August 5th. Finally, Royal Bank Of Canada boosted their price target on Innergex Renewable Energy from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Monday, August 8th.

Shares of Innergex Renewable Energy (TSE:INE) traded up 2.07% during midday trading on Wednesday, hitting $14.79. The company had a trading volume of 88,560 shares. Innergex Renewable Energy has a one year low of $9.98 and a one year high of $15.80. The stock’s market capitalization is $1.60 billion. The stock’s 50-day moving average price is $14.62 and its 200-day moving average price is $14.34.

Innergex Renewable Energy Company Profile

Innergex Renewable Energy Inc is an independent renewable power producer. The Company is a developer, owner and operator of renewable power-generating facilities with a focus on hydroelectric, wind power and solar photovoltaic (PV) projects. It operates through four segments: hydroelectric generation, wind power generation, solar power generation and site development.

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