Innergex Renewable Energy (TSE:INE – Get Rating) had its target price increased by CSFB from C$24.00 to C$27.50 in a research report sent to investors on Wednesday morning, BayStreet.CA reports.
INE has been the subject of a number of other reports. Raymond James set a C$24.00 price target on shares of Innergex Renewable Energy and gave the company an outperform rating in a research report on Thursday, May 12th. National Bankshares upped their price target on Innergex Renewable Energy from C$23.00 to C$24.00 and gave the stock an outperform rating in a research note on Thursday, July 28th. Credit Suisse Group raised their price objective on Innergex Renewable Energy to C$27.50 in a research report on Wednesday. Cormark boosted their target price on Innergex Renewable Energy from C$21.00 to C$23.00 in a report on Friday, August 5th. Finally, CIBC raised their price target on Innergex Renewable Energy from C$21.00 to C$22.00 in a report on Thursday, July 21st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Innergex Renewable Energy presently has an average rating of Moderate Buy and a consensus target price of C$23.77.
Innergex Renewable Energy Stock Performance
Innergex Renewable Energy stock opened at C$19.85 on Wednesday. Innergex Renewable Energy has a fifty-two week low of C$15.89 and a fifty-two week high of C$22.03. The stock’s 50 day simple moving average is C$18.56 and its two-hundred day simple moving average is C$18.30. The company has a debt-to-equity ratio of 361.27, a quick ratio of 0.59 and a current ratio of 0.77. The stock has a market cap of C$4.05 billion and a price-to-earnings ratio of -208.95.
Innergex Renewable Energy (TSE:INE – Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported C($0.01) earnings per share for the quarter, missing the consensus estimate of C$0.08 by C($0.09). The company had revenue of C$219.75 million during the quarter, compared to the consensus estimate of C$224.95 million. As a group, analysts expect that Innergex Renewable Energy will post 0.36 earnings per share for the current fiscal year.
Innergex Renewable Energy Company Profile
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Innergex Renewable Energy Inc operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates hydroelectric facilities, and wind and solar farms, as well as energy storage facilities. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.
Further Reading
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