Innergex Renewable Energy Inc. (TSE:INE - Get Free Report) shares reached a new 52-week low on Tuesday after National Bankshares lowered their price target on the stock from C$17.00 to C$16.00. National Bankshares currently has an outperform rating on the stock. Innergex Renewable Energy traded as low as C$6.98 and last traded at C$7.00, with a volume of 61039 shares. The stock had previously closed at C$7.12.
A number of other research firms have also recently issued reports on INE. Scotiabank cut their price target on Innergex Renewable Energy from C$11.50 to C$10.50 in a report on Thursday, January 30th. CIBC reduced their price target on Innergex Renewable Energy from C$11.50 to C$11.00 in a research report on Thursday, November 7th. Finally, Cormark reduced their price objective 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 given a buy rating to the company. According to data from MarketBeat, Innergex Renewable Energy has a consensus rating of "Moderate Buy" and an average price target of C$11.94.
View Our Latest Research Report on Innergex Renewable Energy
Innergex Renewable Energy Trading Up 1.9 %
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's 50-day moving average is C$7.87 and its two-hundred day moving average is C$8.87. The firm has a market cap of C$1.53 billion, a P/E ratio of -11.98, a P/E/G ratio of 20.61 and a beta of 0.36.
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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