Innergex Renewable Energy (INE) PT Lowered to C$15.00

Innergex Renewable Energy (TSE:INE) had its price objective decreased by CIBC from C$15.50 to C$15.00 in a research report issued to clients and investors on Thursday. CIBC’s price objective points to a potential upside of 6.84% from the stock’s current price.

Several other equities analysts have also recently weighed in on INE. TD Securities increased their price target on Innergex Renewable Energy from C$15.00 to C$15.50 and gave the company a “hold” rating in a report on Tuesday, October 31st. Raymond James Financial increased their price target on Innergex Renewable Energy from C$18.50 to C$19.00 and gave the company an “outperform” rating in a report on Tuesday, December 19th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of C$16.90.

Innergex Renewable Energy (INE) traded down C$0.44 during midday trading on Thursday, hitting C$14.04. The stock had a trading volume of 342,457 shares, compared to its average volume of 211,449. The company has a market cap of $1,520.00, a PE ratio of 56.16 and a beta of 0.26. Innergex Renewable Energy has a 12-month low of C$13.39 and a 12-month high of C$15.72.

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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.

Analyst Recommendations for Innergex Renewable Energy (TSE:INE)

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