Innergex Renewable Energy (TSE:INE)‘s stock had its “outperform” rating reiterated by equities researchers at Raymond James in a report released on Wednesday, BayStreet.CA reports. They presently have a C$17.50 price target on the stock. Raymond James’ price objective would indicate a potential upside of 17.37% from the company’s previous close. Raymond James also issued estimates for Innergex Renewable Energy’s FY2019 earnings at $0.04 EPS.
A number of other equities analysts have also commented on the stock. BMO Capital Markets raised their price target on shares of Innergex Renewable Energy from C$15.00 to C$16.00 in a research report on Wednesday, June 26th. Desjardins reaffirmed an “average” rating and set a C$15.50 price target on shares of Innergex Renewable Energy in a research report on Wednesday, April 24th. Finally, TD Securities lowered their price target 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of C$16.07.
Shares of INE opened at C$14.91 on Wednesday. The company has a market capitalization of $2.03 billion and a price-to-earnings ratio of 74.18. The company has a 50-day moving average of C$14.69. Innergex Renewable Energy has a fifty-two week low of C$11.66 and a fifty-two week high of C$15.28. The company has a debt-to-equity ratio of 520.90, a current ratio of 1.09 and a quick ratio of 0.17.
About Innergex Renewable Energy
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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