Innergex Renewable Energy Inc (TSE:INE) Director Monique Mercier bought 2,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was bought at an average cost of C$14.34 per share, for a total transaction of C$28,680.00.

Innergex Renewable Energy Inc (TSE INE) opened at 14.31 on Wednesday. Innergex Renewable Energy Inc has a 12 month low of $12.43 and a 12 month high of $15.34. The firm’s 50-day moving average price is $14.52 and its 200-day moving average price is $14.31. The firm has a market cap of $1.55 billion and a P/E ratio of 65.05.

COPYRIGHT VIOLATION WARNING: This article was posted by Daily Political and is the property of of Daily Political. If you are reading this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright law. The original version of this article can be viewed at https://www.dailypolitical.com/2017/08/09/innergex-renewable-energy-inc-tseine-director-monique-mercier-acquires-2000-shares-of-stock.html.

INE has been the topic of a number of recent research reports. Desjardins lifted their target price on Innergex Renewable Energy from C$15.50 to C$16.00 and gave the company a “buy” rating in a research report on Thursday, May 4th. TD Securities lifted their target price on Innergex Renewable Energy from C$14.50 to C$15.00 and gave the company a “hold” rating in a research report on Friday, May 5th. Raymond James Financial, Inc. lifted their target price on Innergex Renewable Energy from C$17.50 to C$18.50 and gave the company an “outperform” rating in a research report on Thursday, May 4th. Finally, AltaCorp Capital downgraded Innergex Renewable Energy from an “outperform” rating to a “sector perform” rating in a research report on Thursday, May 4th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Innergex Renewable Energy presently has an average rating of “Hold” and an average price target of C$16.50.

About Innergex Renewable Energy

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

Receive News & Ratings for Innergex Renewable Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innergex Renewable Energy Inc and related companies with MarketBeat.com's FREE daily email newsletter.