Innergex Renewable Energy (INE) Stock Forecast & Price Target

C$8.13 -0.13 (-1.57%)

(As of 11:01 AM ET)

Innergex Renewable Energy - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 10 Analyst Ratings

Sell
0

Hold
5

Buy
5

Based on 10 Wall Street analysts who have issued ratings for Innergex Renewable Energy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 5 have given a hold rating, and 5 have given a buy rating for INE.

Consensus Price Target

C$12.38
52.21% Upside

According to the 10 analysts' twelve-month price targets for Innergex Renewable Energy, the average price target is C$12.38. The highest price target for INE is C$17.00, while the lowest price target for INE is C$10.00. The average price target represents a forecasted upside of 52.21% from the current price of C$8.13.

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INE Analyst Ratings Over Time

Type	Current Forecast 12/24/23 to 12/23/24	1 Month Ago 11/24/23 to 11/23/24	3 Months Ago 9/25/23 to 9/24/24	1 Year Ago 12/24/22 to 12/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$12.38	C$12.38	C$12.56	C$15.30
Forecasted Upside	52.21% Upside	48.74% Upside	22.80% Upside	66.12% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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INE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

INE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Innergex Renewable Energy Stock vs. The Competition

Type	Innergex Renewable Energy	Utilities Companies
Consensus Rating Score	2.50	2.53
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent INE News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/7/2024	CIBC 3 of 5 stars		Lower Target		C$11.50 ➝ C$11.00	+24.72%
11/7/2024	Scotiabank 5 of 5 stars		Lower Target		C$12.50 ➝ C$11.50	+30.39%
9/5/2024	BMO Capital Markets 4 of 5 stars		Boost Target		C$11.00 ➝ C$11.50	+25.00%
8/9/2024	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Boychuk Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Moderate Buy ➝ Hold
7/26/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Steuart Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	C$10.00	+4.60%
7/22/2024	Cibc World Mkts Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Jarvi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
Get the Latest News and Ratings for INE and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Innergex Renewable Energy and its competitors with MarketBeat's FREE daily newsletter.
7/4/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$16.00 ➝ C$17.00	+59.33%
6/6/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$13.00 ➝ C$14.00	+28.68%
2/22/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$15.00 ➝ C$13.00	+60.10%
2/12/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform	C$13.00 ➝ C$11.00	+40.13%
4/24/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$20.00 ➝ C$19.50	+38.59%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 11:20 AM ET.

INE Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Innergex Renewable Energy is C$12.38, with a high forecast of C$17.00 and a low forecast of C$10.00.
: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Innergex Renewable Energy in the last twelve months. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" INE shares.
: According to analysts, Innergex Renewable Energy's stock has a predicted upside of 52.21% based on their 12-month stock forecasts.
: Innergex Renewable Energy has been rated by research analysts at CIBC, and Scotiabank in the past 90 days.
: Analysts like Innergex Renewable Energy less than other "utilities" companies. The consensus rating score for Innergex Renewable Energy is 2.50 while the average consensus rating score for "utilities" companies is 2.53. Learn more on how INE compares to other companies.

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This page (TSE:INE) was last updated on 12/23/2024 by MarketBeat.com Staff

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Innergex Renewable Energy (INE) Stock Forecast & Price Target