Canaccord Genuity set a C$13.50 price objective on Innergex Renewable Energy (TSE:INE) in a report released on Monday.

A number of other analysts also recently weighed in on the company. Raymond James decreased their price objective on Innergex Renewable Energy from C$20.00 to C$17.00 and set an outperform rating for the company in a report on Wednesday, November 14th. BMO Capital Markets decreased their price objective on Innergex Renewable Energy from C$15.50 to C$13.50 in a report on Tuesday, November 6th. Industrial Alliance Securities decreased their price objective on Innergex Renewable Energy from C$18.00 to C$16.00 in a report on Tuesday, October 9th. National Bank Financial decreased their price objective on Innergex Renewable Energy from C$18.50 to C$17.50 in a report on Friday, October 5th. Finally, TD Securities increased their price objective on Innergex Renewable Energy from C$15.50 to C$16.00 and gave the company a buy rating in a report on Wednesday, August 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Innergex Renewable Energy has a consensus rating of Buy and an average target price of C$15.50.

TSE INE opened at C$12.28 on Monday. Innergex Renewable Energy has a twelve month low of C$11.66 and a twelve month high of C$14.74. The company has a quick ratio of 1.29, a current ratio of 1.54 and a debt-to-equity ratio of 366.07.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be given a dividend of $0.17 per share. The ex-dividend date is Friday, December 28th. This represents a $0.68 dividend on an annualized basis and a yield of 5.54%. Innergex Renewable Energy’s dividend payout ratio (DPR) is currently 586.96%.

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 four segments: Hydroelectric Generation, Wind Power Generation, Solar Power Generation, and Site Development.

See Also: Price to Earnings Ratio (PE) Basics

Analyst Recommendations for Innergex Renewable Energy (TSE:INE)

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