Innergex Renewable Energy (TSE:INE – Free Report) had its price target lifted by CIBC from C$10.00 to C$11.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. They currently have a neutral rating on the stock.
INE has been the topic of a number of other research reports. Desjardins raised their price target on Innergex Renewable Energy from C$13.00 to C$14.00 and gave the stock a buy rating in a research note on Thursday, June 6th. BMO Capital Markets decreased their price objective on Innergex Renewable Energy from C$10.00 to C$9.00 and set an outperform rating for the company in a research report on Thursday, February 22nd. Raymond James reduced their target price on shares of Innergex Renewable Energy from C$15.00 to C$13.00 and set an outperform rating for the company in a research note on Thursday, February 22nd. TD Securities dropped their price target on shares of Innergex Renewable Energy from C$12.00 to C$10.00 and set a buy rating on the stock in a research note on Wednesday, February 14th. Finally, Scotiabank raised their price target on Innergex Renewable Energy from C$10.50 to C$12.50 and gave the company an outperform rating in a report on Wednesday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of C$12.06.
Check Out Our Latest Stock Report on INE
Innergex Renewable Energy Stock Down 0.9 %
Innergex Renewable Energy (TSE:INE – Get Free Report) last issued its earnings results on Wednesday, May 8th. The company reported C($0.11) earnings per share for the quarter, meeting the consensus estimate of C($0.11). Innergex Renewable Energy had a negative net margin of 11.78% and a negative return on equity of 10.13%. The firm had revenue of C$242.54 million for the quarter, compared to analysts’ expectations of C$240.80 million. Analysts predict that Innergex Renewable Energy will post 0.0799919 EPS for the current year.
Innergex Renewable Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 15th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Friday, June 28th. Innergex Renewable Energy’s dividend payout ratio (DPR) is -56.25%.
Innergex Renewable Energy Company Profile
Innergex Renewable Energy Inc operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.
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