Shares of Innergex Renewable Energy Inc. (TSE:INE – Get Rating) have earned an average rating of "Moderate Buy" from the ten brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$23.43.

INE has been the topic of a number of research analyst reports. National Bankshares boosted their price target on shares of Innergex Renewable Energy from C$23.00 to C$24.00 and gave the company an "outperform" rating in a research note on Thursday, July 28th. CIBC boosted their price target on shares of Innergex Renewable Energy from C$22.00 to C$23.00 in a research note on Friday. Credit Suisse Group boosted their price target on shares of Innergex Renewable Energy to C$27.50 in a research note on Wednesday, August 24th. Cormark boosted their price target on shares of Innergex Renewable Energy from C$21.00 to C$23.00 in a research note on Friday, August 5th. Finally, CSFB boosted their price target on shares of Innergex Renewable Energy from C$24.00 to C$27.50 in a research note on Wednesday, August 24th.

Innergex Renewable Energy Price Performance

Shares of INE stock opened at C$20.32 on Friday. The company has a debt-to-equity ratio of 361.27, a current ratio of 0.77 and a quick ratio of 0.59. The firm's 50-day moving average is C$19.32 and its two-hundred day moving average is C$18.57. Innergex Renewable Energy has a 12 month low of C$15.89 and a 12 month high of C$22.03. The company has a market capitalization of C$4.15 billion and a PE ratio of -213.89.

Innergex Renewable Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 17th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.54%. The ex-dividend date is Wednesday, September 28th. Innergex Renewable Energy's dividend payout ratio (DPR) is presently -757.89%.

About Innergex Renewable Energy

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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 hydroelectric facilities, and wind and solar farms, as well as energy storage facilities. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.

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