Innergex Renewable Energy Inc (INE) Given New C$15.50 Price Target at TD Securities
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.
COPYRIGHT VIOLATION NOTICE: “Innergex Renewable Energy Inc (INE) Given New C$15.50 Price Target at TD Securities” was first reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://theolympiareport.com/2017/11/01/innergex-renewable-energy-inc-ine-given-new-c15-50-price-target-at-td-securities.html.
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.
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 Analyst Ratings Network's FREE daily email newsletter.