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OTCMKTS:INGXF - Innergex Renewable Energy Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $26.38
  • Forecasted Upside: 11.10 %
  • Number of Analysts: 6
  • Breakdown:
  • 0 Sell Ratings
  • 4 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$23.74 As of 01/14/2021 01:00 AM ET
▼ -0.51 (-2.10%)
1 month | 3 months | 12 months
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Analyst Price Target for INGXF

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$26.38
▲ +11.10% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for Innergex Renewable Energy in the last 3 months. The average price target is $26.38, with a high forecast of $32.00 and a low forecast of $23.00. The average price target represents a 11.10% upside from the last price of $23.74.
Hold
The current consensus among 6 polled investment analysts is to hold stock in Innergex Renewable Energy. This rating has held steady since July 2020, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
7/25/2019
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
10/23/2019
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
1/21/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
4/20/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
7/19/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
10/17/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
12/16/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
1/15/2021

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings

DateBrokerageActionRatingPrice TargetDetails
1/13/2021CIBCBoost Price TargetNeutral$26.00 ➝ $32.00
i
11/12/2020CIBCLower Price TargetNeutral$26.50 ➝ $26.00
i
11/12/2020Royal Bank of CanadaBoost Price TargetSector Perform$23.00 ➝ $25.00
i
10/28/2020Raymond JamesBoost Price TargetOutperform$25.00 ➝ $28.00
i
10/16/2020ScotiabankBoost Price TargetSector Perform$23.00 ➝ $25.25
i
10/15/2020CIBCBoost Price TargetNeutral$23.00 ➝ $26.50
i
8/6/2020CIBCBoost Price TargetNeutral$22.50 ➝ $23.00
i
8/6/2020Royal Bank of CanadaBoost Price TargetSector Perform$22.00 ➝ $23.00
i
8/6/2020TD SecuritiesBoost Price TargetHold$23.00 ➝ $25.00
i
8/5/2020BMO Capital MarketsBoost Price TargetOutperform$21.00 ➝ $23.00
i
8/5/2020ScotiabankBoost Price TargetSector Perform$22.50 ➝ $23.00
i
7/21/2020CIBCBoost Price TargetNeutral$20.50 ➝ $22.50
i
7/16/2020BMO Capital MarketsBoost Price TargetOutperform$19.50 ➝ $21.00
i
7/15/2020ScotiabankBoost Price TargetSector Perform$20.50 ➝ $21.25
i
5/15/2020ScotiabankBoost Price TargetSector Perform$20.00 ➝ $20.50
i
1/13/2020BMO Capital MarketsUpgradeMarket Perform ➝ Outperform
i
(Data available from 1/15/2016 forward)
Innergex Renewable Energy logo
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, wind farms, and solar farms. The company operates through three segments: Hydroelectric Generation, Wind Power Generation, and Solar Power Generation. As of May 14, 2020, it had interests in 69 operating facilities with a net installed capacity of 2,656 megawatt (MW), including 37 hydroelectric facilities, 26 wind farms, and six solar farms, as well as six development projects with net installed capacity of 295 MW and prospective projects with gross installed capacity of 7,131 MW. Innergex Renewable Energy Inc. was founded in 1990 and is headquartered in Longueuil, Canada.
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Today's Range

Now: $23.74
$23.74
$24.17

50 Day Range

MA: $21.00
$19.09
$25.19

52 Week Range

Now: $23.74
$9.82
$25.50

Volume

2,384 shs

Average Volume

5,263 shs

Market Capitalization

$4.14 billion

P/E Ratio

N/A

Dividend Yield

2.27%

Beta

0.52

Frequently Asked Questions

What sell-side analysts currently cover shares of Innergex Renewable Energy?

The following Wall Street sell-side analysts have issued reports on Innergex Renewable Energy in the last twelve months: BMO Capital Markets, CIBC, Raymond James, Royal Bank of Canada, Scotiabank, and TD Securities.

What is the current price target for Innergex Renewable Energy?

6 Wall Street analysts have set twelve-month price targets for Innergex Renewable Energy in the last year. Their average twelve-month price target is $26.38, suggesting a possible upside of 11.1%. CIBC has the highest price target set, predicting INGXF will reach $32.00 in the next twelve months. BMO Capital Markets has the lowest price target set, forecasting a price of $23.00 for Innergex Renewable Energy in the next year.

What is the current consensus analyst rating for Innergex Renewable Energy?

Innergex Renewable Energy currently has 4 hold ratings and 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in INGXF, but not buy more shares or sell existing shares.

What other companies compete with Innergex Renewable Energy?

Other companies that are similar to Innergex Renewable Energy include CMS Energy, Evergy, Alliant Energy, United Utilities Group, NiSource, Sunnova Energy International, ALLETE, NorthWestern, Avista, Unitil, Spark Energy, Genie Energy, VivoPower International, EuroSite Power and 101388.

How do I contact Innergex Renewable Energy's investor relations team?

Innergex Renewable Energy's physical mailing address is 1225 St-Charles Street West 10th floor, Longueuil A8, J4K 0B9. The company's listed phone number is 45-0928-2550 and its investor relations email address is jfneault@innergex.com. The official website for Innergex Renewable Energy is www.innergex.com.