Innergex Renewable Energy (INE) Receives a Buy from Raymond James


In a latest note to investors, a research analyst has provided a rating update for the Utilities sector company, Innergex Renewable Energy (INE). The company received a Buy yesterday from Raymond James’ analyst David Quezada, with a C$17 price target.

Quezada has an average return of 1.0% when recommending Innergex Renewable Energy.

According to TipRanks.com, Quezada is ranked #4104 out of 5127 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Innergex Renewable Energy with a C$14.79 average price target.

The company has a one-year high of C$14.53 and a one-year low of C$11.66. Currently, Innergex Renewable Energy has an average volume of 264.1K.

Innergex Renewable Energy, Inc. develops, acquires, owns and operates run-of-river hydroelectric facilities, wind farms, solar photovoltaic farms and geothermal power generation plants. The company conducts operations in Canada, the United States, France and Iceland.

The company’s shares closed on Monday at C$13.41.