Innergex Renewable Energy Inc (INE) PT Raised to C$15.50
Innergex Renewable Energy Inc (TSE:INE) had its price target raised by equities researchers at TD Securities from C$15.00 to C$15.50 in a research report issued to clients and investors on Tuesday. The brokerage presently has a “hold” rating on the stock. TD Securities’ price target indicates a potential upside of 10.01% from the stock’s current price.
Separately, BMO Capital Markets lifted their price objective on Innergex Renewable Energy from C$18.50 to C$19.00 in a report on Friday, September 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Innergex Renewable Energy has an average rating of “Hold” and an average target price of C$17.10.
Shares of Innergex Renewable Energy (TSE INE) traded down 4.34% during midday trading on Tuesday, reaching $14.09. The company had a trading volume of 696,957 shares. The company has a market capitalization of $1.53 billion and a P/E ratio of 63.76. The company has a 50-day moving average price of $14.70 and a 200 day moving average price of $14.53. Innergex Renewable Energy has a one year low of $12.43 and a one year high of $15.72.
In other Innergex Renewable Energy news, Director Monique Mercier acquired 2,000 shares of the stock in a transaction dated Tuesday, August 8th. The shares were acquired at an average cost of C$14.34 per share, for a total transaction of C$28,680.00. Also, insider Jean Trudel sold 1,900 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of C$15.39, for a total value of C$29,241.00.
About Innergex Renewable Energy
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.
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