Innergex Renewable Energy (TSE:INE - Free Report) had its price target lowered by National Bankshares from C$17.00 to C$16.00 in a research report released on Tuesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.
INE has been the topic of several other reports. Scotiabank cut their target price on shares of Innergex Renewable Energy from C$11.50 to C$10.50 in a research note on Thursday, January 30th. CIBC cut their target price on shares of Innergex Renewable Energy from C$11.50 to C$11.00 in a research note on Thursday, November 7th. Finally, Cormark cut their target price on shares of Innergex Renewable Energy from C$10.00 to C$9.50 in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$11.94.
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Innergex Renewable Energy Trading Up 1.6 %
Shares of INE traded up C$0.12 during trading hours on Tuesday, hitting C$7.45. 474,389 shares of the stock were exchanged, compared to its average volume of 614,202. Innergex Renewable Energy has a fifty-two week low of C$6.98 and a fifty-two week high of C$10.96. The company has a debt-to-equity ratio of 620.44, a current ratio of 0.56 and a quick ratio of 0.58. The business has a 50-day moving average of C$7.84 and a 200-day moving average of C$8.86. The firm has a market capitalization of C$1.53 billion, a P/E ratio of -11.95, a price-to-earnings-growth ratio of 20.61 and a beta of 0.36.
Innergex Renewable Energy Company Profile
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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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