Innergex Renewable Energy (TSE:INE) Given New C$16.00 Price Target at National Bankshares

Innergex Renewable Energy (TSE:INE) had its price target reduced by National Bankshares from C$17.00 to C$16.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities research analysts also recently commented on INE. Scotiabank reduced their target price on Innergex Renewable Energy from C$11.50 to C$10.50 in a research report on Thursday, January 30th. CIBC decreased their target price on shares of Innergex Renewable Energy from C$11.50 to C$11.00 in a research report on Thursday, November 7th. Finally, Cormark dropped their price target on shares of Innergex Renewable Energy from C$10.00 to C$9.50 in a research report on Thursday, January 30th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Innergex Renewable Energy has a consensus rating of “Moderate Buy” and an average price target of C$11.83.

Innergex Renewable Energy Stock Down 1.0 %

Shares of TSE INE opened at C$7.05 on Tuesday. The company has a market capitalization of C$1.43 billion, a P/E ratio of -10.85, a P/E/G ratio of 20.61 and a beta of 0.36. The company has a debt-to-equity ratio of 428.86, a current ratio of 0.57 and a quick ratio of 0.58. The company has a 50 day simple moving average of C$7.93 and a 200-day simple moving average of C$8.91. Innergex Renewable Energy has a 1 year low of C$6.98 and a 1 year high of C$10.96.

About Innergex Renewable Energy

For over 30 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity, which led to Innergex being recognized as Canada’s best corporate citizens in 2023 by Corporate Knights. As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating power from renewable sources will lead the way to a better world.