Innergex Renewable Energy (INE) – Research Analysts’ Recent Ratings Updates

Innergex Renewable Energy (TSE: INE) recently received a number of ratings updates from brokerages and research firms:

  • 9/17/2021 – Innergex Renewable Energy had its “outperform” rating reaffirmed by analysts at National Bank Financial.
  • 9/17/2021 – Innergex Renewable Energy had its price target raised by analysts at National Bankshares, Inc. from C$27.00 to C$28.00. They now have an “outperform” rating on the stock.
  • 9/17/2021 – Innergex Renewable Energy was given a new C$26.00 price target on by analysts at CSFB. They now have an “outperform” rating on the stock.
  • 9/16/2021 – Innergex Renewable Energy had its price target raised by analysts at Raymond James to C$26.75. They now have an “outperform” rating on the stock.
  • 9/16/2021 – Innergex Renewable Energy had its “neutral” rating reaffirmed by analysts at CIBC. They now have a C$23.00 price target on the stock.
  • 9/16/2021 – Innergex Renewable Energy had its price target raised by analysts at National Bank Financial to C$28.00. They now have a “na” rating on the stock.
  • 9/16/2021 – Innergex Renewable Energy had its “hold” rating reaffirmed by analysts at Royal Bank of Canada. They now have a C$24.00 price target on the stock.
  • 9/16/2021 – Innergex Renewable Energy had its “buy” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a C$26.00 price target on the stock.
  • 9/7/2021 – Innergex Renewable Energy had its “outperform” rating reaffirmed by analysts at National Bank Financial. They now have a C$27.00 price target on the stock.
  • 9/7/2021 – Innergex Renewable Energy was given a new C$27.00 price target on by analysts at National Bankshares, Inc.. They now have an “outperform” rating on the stock.
  • 9/7/2021 – Innergex Renewable Energy had its price target raised by analysts at BMO Capital Markets from C$23.00 to C$24.00. They now have an “outperform” rating on the stock.
  • 9/7/2021 – Innergex Renewable Energy was upgraded by analysts at Royal Bank of Canada to a “hold” rating. They now have a C$24.00 price target on the stock.
  • 9/7/2021 – Innergex Renewable Energy was upgraded by analysts at TD Securities from a “hold” rating to a “buy” rating. They now have a C$24.00 price target on the stock, up previously from C$23.00.
  • 9/7/2021 – Innergex Renewable Energy had its price target raised by analysts at Scotiabank from C$23.50 to C$26.50.
  • 8/18/2021 – Innergex Renewable Energy had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a C$26.00 price target on the stock.
  • 8/18/2021 – Innergex Renewable Energy was given a new C$26.00 price target on by analysts at CSFB. They now have an “outperform” rating on the stock.
  • 8/5/2021 – Innergex Renewable Energy had its price target raised by analysts at National Bank Financial to C$27.00. They now have an “outperform” rating on the stock.
  • 8/5/2021 – Innergex Renewable Energy had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a C$26.75 price target on the stock.
  • 8/5/2021 – Innergex Renewable Energy had its price target raised by analysts at National Bankshares, Inc. from C$26.00 to C$27.00. They now have an “outperform” rating on the stock.
  • 8/4/2021 – Innergex Renewable Energy had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a C$24.00 price target on the stock.
  • 7/28/2021 – Innergex Renewable Energy had its price target lowered by analysts at Raymond James to C$26.75. They now have an “outperform” rating on the stock.

INE stock traded down C$0.05 during trading on Thursday, reaching C$21.34. The stock had a trading volume of 466,094 shares, compared to its average volume of 751,045. Innergex Renewable Energy Inc. has a 52 week low of C$18.37 and a 52 week high of C$32.48. The stock’s 50 day moving average is C$20.66 and its two-hundred day moving average is C$21.21. The company has a current ratio of 0.61, a quick ratio of 0.48 and a debt-to-equity ratio of 574.10. The firm has a market cap of C$4.11 billion and a PE ratio of -23.92.

Innergex Renewable Energy (TSE:INE) last posted its earnings results on Tuesday, August 3rd. The company reported C$0.10 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.09 by C$0.01. The firm had revenue of C$170.61 million during the quarter, compared to the consensus estimate of C$174.40 million. On average, research analysts anticipate that Innergex Renewable Energy Inc. will post 0.36 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Friday, October 15th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Tuesday, September 28th. Innergex Renewable Energy’s payout ratio is -80.72%.

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 Generation, Wind Power Generation, and Solar Power Generation.

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