Innergex Renewable Energy Inc (TSE:INE) had its price objective boosted by TD Securities from C$15.00 to C$15.50 in a research report released on Tuesday morning. They currently have a hold rating on the stock.

Separately, BMO Capital Markets raised their target price on shares of Innergex Renewable Energy from C$18.50 to C$19.00 in a research report on Friday, September 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Innergex Renewable Energy currently has a consensus rating of Hold and an average price target of C$17.10.

Shares of Innergex Renewable Energy (TSE INE) opened at 14.09 on Tuesday. Innergex Renewable Energy has a 52-week low of $12.43 and a 52-week high of $15.72. The firm’s 50-day moving average price is $14.70 and its 200 day moving average price is $14.53. The company has a market capitalization of $1.53 billion and a PE ratio of 63.76.

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The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 4.68%. This is a positive change from Innergex Renewable Energy’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, September 28th.

In related news, insider Jean Trudel sold 1,900 shares of Innergex Renewable Energy stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of C$15.39, for a total transaction of C$29,241.00. Also, Director Monique Mercier acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average cost of C$14.34 per share, for a total transaction of C$28,680.00.

Innergex Renewable Energy Company Profile

Innergex Renewable Energy Inc is a Canada-based renewable power producer. The Company is a developer, owner and operator of renewable power-generating facilities with a focus on hydroelectric, wind power and solar photovoltaic (PV) projects. It operates through four segments: hydroelectric generation, wind power generation, solar power generation and site development.

Analyst Recommendations for Innergex Renewable Energy (TSE:INE)

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