Innergex Renewable Energy Inc (TSE:INE) had its price target hoisted by stock analysts at BMO Capital Markets from C$18.50 to C$19.00 in a research report issued to clients and investors on Friday. BMO Capital Markets’ price target suggests a potential upside of 29.25% from the company’s previous close.

Shares of Innergex Renewable Energy (TSE INE) traded up 1.50% during midday trading on Friday, reaching $14.92. 90,096 shares of the company were exchanged. Innergex Renewable Energy has a 52-week low of $12.43 and a 52-week high of $15.34. The company has a market capitalization of $1.62 billion and a PE ratio of 67.51. The stock’s 50-day moving average price is $14.56 and its 200-day moving average price is $14.42.

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In related news, Director Monique Mercier acquired 2,000 shares of Innergex Renewable Energy stock in a transaction on Tuesday, August 8th. The shares were purchased at an average cost of C$14.34 per share, for a total transaction of C$28,680.00.

Innergex Renewable Energy Company Profile

Innergex Renewable Energy Inc is a Canada-based 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.

Analyst Recommendations for Innergex Renewable Energy (TSE:INE)

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