Innergex Renewable Energy Inc. (TSE:INE - Get Free Report) has been given an average recommendation of "Moderate Buy" by the ten brokerages that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$12.38.
A number of research firms have weighed in on INE. Scotiabank reduced their price objective on shares of Innergex Renewable Energy from C$12.50 to C$11.50 in a research report on Thursday, November 7th. Cormark lowered shares of Innergex Renewable Energy from a "moderate buy" rating to a "hold" rating in a research note on Friday, August 9th. CIBC cut their price objective on Innergex Renewable Energy from C$11.50 to C$11.00 in a research note on Thursday, November 7th. Finally, BMO Capital Markets increased their target price on Innergex Renewable Energy from C$11.00 to C$11.50 in a report on Thursday, September 5th.
View Our Latest Research Report on INE
Innergex Renewable Energy Price Performance
Shares of TSE:INE traded up C$0.02 during midday trading on Friday, reaching C$8.73. 659,503 shares of the company's stock traded hands, compared to its average volume of 636,950. The company has a fifty day simple moving average of C$9.38 and a two-hundred day simple moving average of C$9.61. Innergex Renewable Energy has a 1 year low of C$7.05 and a 1 year high of C$10.96. The company has a market cap of C$1.77 billion, a P/E ratio of -13.43, a PEG 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 Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend is Tuesday, December 31st. Innergex Renewable Energy's dividend payout ratio (DPR) is currently -55.38%.
About Innergex Renewable Energy
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Get Free ReportInnergex Renewable Energy Inc operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.
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