Innergex Renewable Energy Inc. (TSE:INE – Get Free Report) Director Patrick Loulou bought 11,000 shares of Innergex Renewable Energy stock in a transaction dated Thursday, June 20th. The shares were acquired at an average price of C$10.25 per share, with a total value of C$112,750.00.
Innergex Renewable Energy Price Performance
Shares of TSE INE opened at C$10.25 on Wednesday. The stock has a market capitalization of C$2.09 billion, a PE ratio of -16.02, a P/E/G ratio of 20.61 and a beta of 0.34. 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 business has a fifty day moving average price of C$9.21 and a two-hundred day moving average price of C$8.76. Innergex Renewable Energy Inc. has a fifty-two week low of C$7.05 and a fifty-two week high of C$13.44.
Innergex Renewable Energy (TSE:INE – Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C($0.11) earnings per share for the quarter, meeting the consensus estimate of C($0.11). The firm had revenue of C$242.54 million during the quarter, compared to analysts’ expectations 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%. As a group, equities analysts predict that Innergex Renewable Energy Inc. will post 0.0799919 earnings per share for the current fiscal year.
Innergex Renewable Energy Announces Dividend
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. National Bankshares lifted their target price on Innergex Renewable Energy from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 28th. Scotiabank boosted their price target on Innergex Renewable Energy from C$10.50 to C$12.50 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Desjardins boosted their price target on Innergex Renewable Energy from C$13.00 to C$14.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Finally, CIBC boosted their price target on Innergex Renewable Energy from C$10.00 to C$11.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Innergex Renewable Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.06.
Check Out Our Latest Research Report on Innergex Renewable Energy
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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