Shares of Innergex Renewable Energy Inc. (TSE:INE - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as C$13.70 and last traded at C$13.69, with a volume of 36508 shares trading hands. The stock had previously closed at C$13.67.
Analyst Ratings Changes
A number of research firms have weighed in on INE. National Bank Financial lowered shares of Innergex Renewable Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Raymond James downgraded shares of Innergex Renewable Energy from an "outperform" rating to a "market perform" rating and raised their price target for the company from C$11.50 to C$13.75 in a research report on Wednesday, February 26th. National Bankshares lowered shares of Innergex Renewable Energy from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from C$16.00 to C$13.75 in a report on Wednesday, February 26th. Scotiabank decreased their price target on shares of Innergex Renewable Energy from C$11.50 to C$10.50 in a research report on Thursday, January 30th. Finally, Cormark dropped their price target on shares of Innergex Renewable Energy from C$10.00 to C$9.50 in a research note on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of C$11.59.
View Our Latest Report on INE
Innergex Renewable Energy Stock Performance
The company has a debt-to-equity ratio of 620.44, a current ratio of 0.56 and a quick ratio of 0.58. The firm's 50-day moving average price is C$13.56 and its 200-day moving average price is C$10.68. The stock has a market cap of C$2.81 billion, a P/E ratio of -22.01, a PEG ratio of 20.61 and a beta of 0.36.
Innergex Renewable Energy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Monday, March 31st. Innergex Renewable Energy's payout ratio is currently -57.74%.
About Innergex Renewable Energy
(
Get Free Report)
For over 30 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity, which led to Innergex being recognized as Canada's best corporate citizens in 2023 by Corporate Knights. As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating power from renewable sources will lead the way to a better world.
See Also
Before you consider Innergex Renewable Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Innergex Renewable Energy wasn't on the list.
While Innergex Renewable Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
