Innergex Renewable Energy (TSE:INE) Given “Outperform” Rating at Raymond James

Raymond James reaffirmed their outperform rating on shares of Innergex Renewable Energy (TSE:INE) in a research note released on Wednesday, BayStreet.CA reports. The firm currently has a C$17.50 price objective on the stock. Raymond James also issued estimates for Innergex Renewable Energy’s FY2019 earnings at $0.04 EPS.

A number of other research analysts also recently issued reports on the stock. Desjardins restated an average rating and set a C$15.50 target price on shares of Innergex Renewable Energy in a research report on Wednesday, April 24th. TD Securities cut their target price on shares of Innergex Renewable Energy from C$16.00 to C$15.50 and set a hold rating on the stock in a research report on Thursday, May 16th. Finally, BMO Capital Markets upped their target price on shares of Innergex Renewable Energy from C$15.00 to C$16.00 in a research report on Wednesday, June 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Innergex Renewable Energy currently has an average rating of Hold and an average target price of C$16.07.

Innergex Renewable Energy stock opened at C$14.82 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.17 and a debt-to-equity ratio of 520.90. Innergex Renewable Energy has a 1 year low of C$11.66 and a 1 year high of C$15.28. The company has a market cap of $1.98 billion and a PE ratio of 73.73. The company’s 50-day moving average is C$14.73 and its two-hundred day moving average is C$14.37.

Innergex Renewable Energy Company Profile

Innergex Renewable Energy Inc operates as an independent renewable power producer. It develops, owns, and operates run-of-river hydroelectric facilities, wind farms, solar photovoltaic farms, and geothermal power facilities. The company operates through five segments: Hydroelectric Generation, Wind Power Generation, Solar Power Generation, Geothermal Generation, and Site Development.

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Analyst Recommendations for Innergex Renewable Energy (TSE:INE)

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