Innergex Renewable Energy Price Target Cut to $10.75 (INE)
Innergex Renewable Energy (TSE: INE) had its price target lowered by Canaccord Genuity from $11.00 to $10.75 in a research note released on Monday morning. They currently have a hold rating on the stock.
INE has been the subject of a number of other recent research reports. Analysts at Scotiabank cut their price target on shares of Innergex Renewable Energy from $11.00 to $10.50 in a research note to investors on Monday. They now have a sector perform rating on the stock. Analysts at CIBC upgraded shares of Innergex Renewable Energy from a sector perform rating to an outperform rating in a research note to investors on Tuesday, February 5th.
Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Innergex Renewable Energy presently has an average rating of Hold and a consensus price target of $9.89.
Innergex Renewable Energy (TSE: INE) traded down 0.40% on Monday, hitting $10.02. Innergex Renewable Energy has a 1-year low of $9.69 and a 1-year high of $11.27. The stock’s 50-day moving average is currently $10.3. The company’s market cap is $938.5 million.
Innergex Renewable Energy Inc. is a developer, owner and operator of run-of-river hydroelectric facilities, wind energy farms and of solar photovoltaic (TSE: INE) farms in North America.
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