National Bank Financial Reiterates “Outperform” Rating for Innergex Renewable Energy (TSE:INE)

Innergex Renewable Energy (TSE:INE)‘s stock had its “outperform” rating reaffirmed by equities researchers at National Bank Financial in a research note issued on Friday, Stock Target Advisor reports.

INE has been the topic of a number of other research reports. TD Securities raised shares of Innergex Renewable Energy from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$23.00 to C$24.00 in a research note on Tuesday, September 7th. Scotiabank raised their price objective on shares of Innergex Renewable Energy from C$23.50 to C$26.50 in a research note on Tuesday, September 7th. National Bankshares lifted their price target on shares of Innergex Renewable Energy from C$27.00 to C$28.00 in a research note on Friday. Credit Suisse Group reissued an “outperform” rating and issued a C$26.00 price target on shares of Innergex Renewable Energy in a research note on Thursday. Finally, CIBC restated a “neutral” rating and issued a C$23.00 price objective on shares of Innergex Renewable Energy in a report on Thursday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$25.63.

Shares of TSE INE traded up C$0.46 during midday trading on Friday, reaching C$21.38. 233,755 shares of the stock were exchanged, compared to its average volume of 746,149. The firm has a market cap of C$4.12 billion and a price-to-earnings ratio of -24.04. Innergex Renewable Energy has a twelve month low of C$18.37 and a twelve month high of C$32.48. The firm has a 50-day simple moving average of C$20.71 and a two-hundred day simple moving average of C$21.26. The company has a quick ratio of 0.48, a current ratio of 0.61 and a debt-to-equity ratio of 574.10.

Innergex Renewable Energy Company Profile

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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Analyst Recommendations for Innergex Renewable Energy (TSE:INE)

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