Innergex Renewable Energy Inc. (TSE:INE - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as C$13.60 and last traded at C$13.58, with a volume of 134973 shares changing hands. The stock had previously closed at C$13.56.
Analysts Set New Price Targets
A number of research firms recently commented on INE. National Bank Financial downgraded Innergex Renewable Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 25th. Raymond James lowered shares of Innergex Renewable Energy from an "outperform" rating to a "market perform" rating and increased their price target for the stock from C$11.50 to C$13.75 in a research note on Wednesday, February 26th. TD Securities lifted their price objective on shares of Innergex Renewable Energy from C$8.00 to C$9.00 and gave the company a "hold" rating in a research note on Friday, February 21st. Cormark lowered their target price on shares of Innergex Renewable Energy from C$10.00 to C$9.50 in a research report on Thursday, January 30th. Finally, National Bankshares lowered Innergex Renewable Energy from an "outperform" rating to a "sector perform" rating and cut their target price for the company from C$16.00 to C$13.75 in a report on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Innergex Renewable Energy presently has an average rating of "Hold" and an average price target of C$11.59.
Check Out Our Latest Stock Report on INE
Innergex Renewable Energy Stock Down 0.1 %
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 firm has a market capitalization of C$2.77 billion, a P/E ratio of -21.70, a price-to-earnings-growth ratio of 20.61 and a beta of 0.36. The business has a 50 day moving average price of C$9.84 and a 200 day moving average price of C$9.32.
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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