Innergex Renewable Energy Inc (TSE:INE) Director Monique Mercier acquired 2,000 shares of the stock in a transaction dated Tuesday, August 8th. The stock was acquired at an average cost of C$14.34 per share, with a total value of C$28,680.00.

Shares of Innergex Renewable Energy Inc (TSE:INE) traded down 1.92% during trading on Tuesday, reaching $14.31. The company had a trading volume of 116,711 shares. The company has a market cap of $1.55 billion and a P/E ratio of 65.05. The firm has a 50-day moving average of $14.52 and a 200-day moving average of $14.31. Innergex Renewable Energy Inc has a 12-month low of $12.43 and a 12-month high of $15.34.

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A number of research firms have issued reports on INE. Raymond James Financial, Inc. downgraded Innergex Renewable Energy from a “strong-buy” rating to an “outperform” rating in a research report on Thursday, April 20th. Desjardins boosted their price objective on Innergex Renewable Energy from C$15.50 to C$16.00 and gave the stock a “buy” rating in a research note on Thursday, May 4th. AltaCorp Capital cut Innergex Renewable Energy from an “outperform” rating to a “sector perform” rating in a research note on Thursday, May 4th. Finally, TD Securities boosted their price target on Innergex Renewable Energy from C$14.50 to C$15.00 and gave the stock a “hold” rating in a research note on Friday, May 5th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of C$16.40.

About Innergex Renewable Energy

Innergex Renewable Energy Inc operates as an independent renewable power producer in North America and France. It develops, owns, and operates run-of-river hydroelectric facilities, wind farms, and solar photovoltaic farms. The company operates through four segments: Hydroelectric Generation, Wind Power Generation, Solar Power Generation, and Site Development.

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