Innergex Renewable Energy Inc. (OTCMKTS:INGXF – Get Rating) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $13.97 and traded as high as $15.06. Innergex Renewable Energy shares last traded at $14.98, with a volume of 5,525 shares.
Analyst Ratings Changes
Several research firms recently commented on INGXF. National Bank Financial raised their target price on Innergex Renewable Energy from C$23.00 to C$24.00 in a research note on Thursday, July 28th. TD Securities raised Innergex Renewable Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, May 11th. Finally, Desjardins reduced their price objective on Innergex Renewable Energy from C$20.50 to C$20.00 in a research note on Thursday, May 12th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $22.39.
Innergex Renewable Energy Stock Performance
The firm has a market capitalization of $3.05 billion, a PE ratio of -43.88 and a beta of 0.51. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.03. The company has a 50-day moving average of $13.99 and a 200 day moving average of $14.21.
Innergex Renewable Energy Cuts Dividend
The business also recently disclosed a dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a $0.1383 dividend. The ex-dividend date was Wednesday, June 29th. This represents a dividend yield of 4.12%. Innergex Renewable Energy’s payout ratio is -167.64%.
About Innergex Renewable Energy
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.
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