Innergex Renewable Energy Inc. (TSE:INE - Get Free Report) has earned an average rating of "Moderate Buy" from the ten research firms that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$12.38.
A number of equities research analysts have recently issued reports on the stock. Scotiabank dropped their target price on shares of Innergex Renewable Energy from C$12.50 to C$11.50 in a report on Thursday, November 7th. CIBC cut their price objective on shares of Innergex Renewable Energy from C$11.50 to C$11.00 in a report on Thursday, November 7th.
Read Our Latest Stock Report on INE
Innergex Renewable Energy Price Performance
Shares of TSE:INE traded down C$0.01 during trading on Monday, reaching C$8.19. The stock had a trading volume of 75,023 shares, compared to its average volume of 528,837. 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 has a 1-year low of C$7.05 and a 1-year high of C$10.96. The stock has a market cap of C$1.66 billion, a PE ratio of -12.60, a PEG ratio of 20.61 and a beta of 0.36. The business has a fifty day moving average price of C$8.36 and a 200-day moving average price of C$9.27.
Innergex Renewable Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.36 annualized dividend and a yield of 4.40%. Innergex Renewable Energy's payout ratio is -55.38%.
Innergex Renewable Energy Company Profile
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Get Free ReportFor 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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