Shares of Innergex Renewable Energy (INE) were revisited by a Wall Street analyst today. The company received a Buy rating from National Bank’s analyst Rupert Merer, with a C$18.50 price target.
According to TipRanks.com, Merer is ranked #4454 out of 5180 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Innergex Renewable Energy with a C$16.13 average price target.
The company has a one-year high of C$14.75 and a one-year low of C$11.66. Currently, Innergex Renewable Energy has an average volume of 308.2K.
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 Tuesday at C$14.33, close to its 52-week high of C$14.75.
