Innergex Renewable Energy (TSE:INE - Free Report) had its price target lowered by Cormark from C$10.00 to C$9.50 in a report published on Thursday,BayStreet.CA reports.
INE has been the subject of several other research reports. Scotiabank decreased their price objective on Innergex Renewable Energy from C$11.50 to C$10.50 in a report on Thursday. CIBC lowered their price target on shares of Innergex Renewable Energy from C$11.50 to C$11.00 in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Innergex Renewable Energy has a consensus rating of "Moderate Buy" and a consensus target price of C$11.94.
Check Out Our Latest Stock Analysis on Innergex Renewable Energy
Innergex Renewable Energy Stock Performance
INE traded down C$0.25 during midday trading on Thursday, reaching C$7.03. The company had a trading volume of 588,276 shares, compared to its average volume of 623,407. Innergex Renewable Energy has a 12-month low of C$7.02 and a 12-month high of C$10.96. The business has a 50-day moving average price of C$8.13 and a two-hundred day moving average price of C$9.07. The stock has a market cap of C$1.43 billion, a PE ratio of -10.82, a P/E/G ratio of 20.61 and a beta of 0.36. The company has a debt-to-equity ratio of 428.86, a quick ratio of 0.58 and a current ratio of 0.57.
Innergex Renewable Energy (TSE:INE - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.05 EPS for the quarter, topping analysts' consensus estimates of C$0.03 by C$0.02. Innergex Renewable Energy had a negative net margin of 11.96% and a negative return on equity of 9.27%. During the same period in the previous year, the firm posted $0.03 EPS. On average, sell-side analysts expect that Innergex Renewable Energy will post 0.1549878 earnings per share for the current fiscal year.
Innergex Renewable Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date of this dividend was Tuesday, December 31st. Innergex Renewable Energy's dividend payout ratio (DPR) is presently -55.38%.
About Innergex Renewable Energy
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For over 30 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity, which led to Innergex being recognized as Canada's best corporate citizens in 2023 by Corporate Knights. As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating power from renewable sources will lead the way to a better world.
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