Renewable Energy Innergex (TSE:INE) with new price target of C$16.00 at National Bankshares

Innergex Renewable Energy (TSE:INE – Free Report) According to BayStreet.CA, the target price was raised by National Bankshares from C$15.00 to C$16.00. They are currently rated at Outperform.

Other stock analysts have also published research reports on the company. BMO Capital Markets lowered their target price on Innergex Renewable Energy from C$10.00 to C$9.00 and set an outperform rating on the stock in a research note on Thursday, February 22nd. Royal Bank of Canada lowered their target price on Innergex Renewable Energy from C$13.00 to C$11.00 and set a sector rating for the stock in a research note on Monday, February 12th. CIBC increased their Innergex renewable energy price target from C$9.50 to C$10.00 in a research note on Friday, May 10. Desjardins lowered their target price on Innergex Renewable Energy from C$14.00 to C$13.00 and issued a buy rating on the stock in a research note on Tuesday, April 30th. Finally, Raymond James lowered their target price on Innergex Renewable Energy from C$15.00 to C$13.00 and set an outperform rating on the stock in a research note on Thursday, February 22nd. Two investment analysts have rated the company’s stock with a hold rating, and five of them have rated the stock with a buy rating. The stock has a consensus rating of Moderate Buy and an average price target of C$12.41, according to MarketBeat data.

Check out our latest analysis on INE

Innerex renewable energy price results

On Tuesday, INE shares closed at C$9.05. The stock’s fifty-day simple moving average is C$8.31 and its 200-day simple moving average is C$8.64. The company has a debt to equity ratio of 546.12, a current ratio of 0.74 and a quick ratio of 0.58. The company has a market capitalization of C$1.84 billion, a price-to-earnings ratio of -14.14, a P/E/G ratio of 20.61 and a beta of 0.34. Innerex Renewable Energy has a 1-year low of C$7.05 and a 1-year high of C$14.40.

Innergex Renewable Energy ( TSE:INE – Get Free Report ) last announced its quarterly earnings results on Wednesday, May 8th. The company reported EPS of C ($0.11) for the quarter, which was in line with the consensus estimate of C ($0.11). The company had revenue of C$242.54 million for the quarter, compared to analyst estimates of C$240.80 million. Innergex Renewable Energy had a negative return on equity of 10.13% and a negative net margin of 11.78%. On average, analysts expect Innerex Renewable Energy to post earnings per share of 0.0799919 for the current fiscal year.

Innerex Renewable Energy announces dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15. Shareholders who hit record highs on Friday, June 28 will receive a dividend of $0.09 per share. This translates into an annual dividend of $0.36 and a dividend yield of 3.98%. The ex-dividend date for this dividend is Friday, June 28. Innergex Renewable Energy’s Dividend Payout Ratio (DPR) is currently -56.25%.

Confidential activity

Therefore, Director Daniel Lafrance purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were purchased at an average price of CAD 8.35 per share, for a total transaction amount of CAD 41,750.00. Currently, insiders own 20.44% of the shares.

Innerex Renewable Energy Information

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Innergex Renewable Energy Inc operates as an independent renewable energy producer in Canada, the United States, France and Chile. It acquires, owns, develops and operates renewable energy generation and storage facilities, primarily in the hydroelectric, wind and solar energy sectors. The company operates in three segments: hydropower generation, wind power generation and solar power generation.

Innerex renewable energy price results

Innerex Renewable Energy announces dividend

Confidential activity

Innerex Renewable Energy Information

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