TSE:INE - Innergex Renewable Energy Inc. (INE.TO) Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$26.46
  • Forecasted Upside: -11.73 %
  • Number of Analysts: 4
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
C$29.98
▼ -0.09 (-0.30%)
1 month | 3 months | 12 months
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Analyst Price Target for INE

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.
C$26.46
▼ -11.73% Downside Potential
This price target is based on 4 analysts offering 12 month price targets for Innergex Renewable Energy Inc. (INE.TO) in the last 3 months. The average price target is C$26.46, with a high forecast of C$32.00 and a low forecast of C$23.00. The average price target represents a -11.73% upside from the last price of C$29.98.
Buy
The current consensus among 4 polled investment analysts is to buy stock in Innergex Renewable Energy Inc. (INE.TO). This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

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

Latest Recommendations

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

DateBrokerageActionRatingPrice TargetDetails
1/13/2021CIBCBoost Price TargetC$26.00 ➝ C$32.00
i
11/12/2020Royal Bank of CanadaBoost Price TargetSector PerformC$23.00 ➝ C$25.00
i
11/12/2020CIBCLower Price TargetC$26.50 ➝ C$26.00
i
11/11/2020Raymond JamesSet Price TargetOutperformC$28.00
i
11/1/2020National Bank FinancialBoost Price TargetOutperformC$24.50 ➝ C$27.00
i
10/28/2020Raymond JamesBoost Price TargetOutperformC$25.00 ➝ C$28.00
i
10/26/2020National Bank FinancialBoost Price TargetOutperformC$24.50 ➝ C$27.00
i
10/16/2020ScotiabankBoost Price TargetC$23.00 ➝ C$25.25
i
10/15/2020CIBCBoost Price TargetC$23.00 ➝ C$26.50
i
8/6/2020TD SecuritiesBoost Price TargetHoldC$23.00 ➝ C$25.00
i
8/6/2020CIBCBoost Price TargetC$22.50 ➝ C$23.00
i
8/6/2020Royal Bank of CanadaBoost Price TargetSector PerformC$22.00 ➝ C$23.00
i
8/5/2020Raymond JamesDowngradeStrong-Buy ➝ OutperformC$25.00
i
8/5/2020BMO Capital MarketsBoost Price TargetC$21.00 ➝ C$23.00
i
8/5/2020ScotiabankBoost Price TargetC$22.50 ➝ C$23.00
i
7/29/2020Raymond JamesBoost Price TargetStrong-BuyC$23.00 ➝ C$25.00
i
7/22/2020National Bank FinancialBoost Price TargetOutperformC$22.50 ➝ C$24.50
i
7/21/2020CIBCBoost Price TargetC$20.50 ➝ C$22.50
i
7/16/2020Raymond JamesBoost Price TargetStrong-BuyC$22.00 ➝ C$23.00
i
7/16/2020ScotiabankBoost Price TargetC$21.25 ➝ C$22.50
i
7/16/2020BMO Capital MarketsBoost Price TargetC$19.50 ➝ C$21.00
i
6/4/2020National Bank FinancialBoost Price TargetOutperformC$21.50 ➝ C$22.50
i
5/25/2020Raymond JamesSet Price TargetStrong-BuyC$22.00
i
5/17/2020ScotiabankBoost Price TargetC$20.00 ➝ C$20.50
i
4/30/2020National Bank FinancialBoost Price TargetOutperformC$19.50 ➝ C$21.50
i
3/25/2020Raymond JamesUpgradeOutperform ➝ Strong-BuyC$22.00
i
3/20/2020CIBCLower Price TargetC$21.00 ➝ C$19.00
i
3/13/2020National Bank FinancialLower Price TargetOutperformC$22.50 ➝ C$19.50
i
3/2/2020CIBCBoost Price TargetC$20.00 ➝ C$21.00
i
3/2/2020BMO Capital MarketsBoost Price TargetC$20.00 ➝ C$22.00
i
2/28/2020Raymond JamesBoost Price TargetOutperformC$20.00 ➝ C$22.00
i
2/13/2020National Bank FinancialBoost Price TargetOutperformC$21.00 ➝ C$22.50
i
2/10/2020Royal Bank of CanadaBoost Price TargetSector PerformC$17.00 ➝ C$22.00
i
2/7/2020CIBCBoost Price TargetC$18.00 ➝ C$20.00
i
2/7/2020TD SecuritiesBoost Price TargetHoldC$18.00 ➝ C$22.00
i
2/6/2020National Bank FinancialBoost Price TargetOutperformC$20.00 ➝ C$21.00
i
1/30/2020CIBCBoost Price TargetC$17.00 ➝ C$18.00
i
1/27/2020National Bank FinancialBoost Price TargetOutperformC$18.50 ➝ C$20.00
i
1/15/2020CIBCBoost Price TargetC$16.50 ➝ C$17.00
i
1/13/2020BMO Capital MarketsUpgradeMarket Perform ➝ OutperformC$17.00 ➝ C$20.00
i
11/14/2019Raymond JamesReiterated RatingOutperformC$17.50
i
11/13/2019TD SecuritiesLower Price TargetHoldC$17.50 ➝ C$17.00
i
11/13/2019CIBCBoost Price TargetC$16.00 ➝ C$16.50
i
11/13/2019Royal Bank of CanadaBoost Price TargetSector PerformC$16.00 ➝ C$17.00
i
10/23/2019CIBCBoost Price TargetC$15.50 ➝ C$16.00
i
9/30/2019National Bank FinancialSet Price TargetOutperformC$18.50
i
9/6/2019National Bank FinancialReiterated RatingOutperformC$18.50
i
8/14/2019Raymond JamesReiterated RatingOutperformC$17.50
i
7/26/2019Raymond JamesBoost Price TargetC$17.00 ➝ C$17.50
i
6/26/2019BMO Capital MarketsBoost Price TargetC$15.00 ➝ C$16.00
i
5/16/2019TD SecuritiesLower Price TargetHoldC$16.00 ➝ C$15.50
i
5/15/2019Raymond JamesSet Price TargetOutperformC$17.00
i
4/24/2019DesjardinsReiterated RatingHold ➝ AverageC$15.50
i
4/16/2019Raymond JamesReiterated RatingOutperformC$17.00
i
3/26/2019Raymond JamesSet Price TargetOutperformC$17.00
i
3/1/2019Raymond JamesReiterated RatingOutperformC$17.00
i
3/1/2019TD SecuritiesDowngradeBuy ➝ HoldC$15.00 ➝ C$16.00
i
2/19/2019National Bank FinancialBoost Price TargetOutperformC$17.50 ➝ C$18.50
i
2/13/2019BMO Capital MarketsBoost Price TargetMarket PerformC$13.50 ➝ C$15.00
i
11/19/2018Canaccord GenuitySet Price TargetC$13.50
i
11/14/2018Raymond JamesLower Price TargetOutperformC$20.00 ➝ C$17.00
i
11/6/2018BMO Capital MarketsLower Price TargetC$15.50 ➝ C$13.50
i
10/9/2018Industrial Alliance SecuritiesLower Price TargetC$18.00 ➝ C$16.00
i
10/5/2018National Bank FinancialLower Price TargetC$18.50 ➝ C$17.50
i
8/8/2018TD SecuritiesBoost Price TargetBuyC$15.50 ➝ C$16.00
i
8/3/2018Raymond JamesLower Price TargetOutperformC$29.00 ➝ C$20.00
i
7/27/2018National Bank FinancialLower Price TargetOutperformC$19.00 ➝ C$18.50
i
7/5/2018National Bank FinancialBoost Price TargetOutperformC$18.00 ➝ C$19.00
i
6/15/2018TD SecuritiesUpgradeHold ➝ BuyC$15.50
i
5/17/2018DesjardinsBoost Price TargetC$15.25 ➝ C$15.50
i
5/8/2018TD SecuritiesBoost Price TargetHoldC$15.00
i
5/4/2018Canaccord GenuitySet Price TargetHoldC$14.50
i
2/23/2018TD SecuritiesLower Price TargetHoldC$15.50 ➝ C$15.00
i
2/7/2018BMO Capital MarketsDowngradeOutperform ➝ Market PerformC$19.00 ➝ C$15.00
i
1/11/2018CIBCLower Price TargetC$15.50 ➝ C$15.00
i
12/19/2017Raymond JamesBoost Price TargetOutperformC$18.50 ➝ C$19.00
i
10/31/2017TD SecuritiesBoost Price TargetHoldC$15.00 ➝ C$15.50
i
9/8/2017BMO Capital MarketsBoost Price TargetC$18.50 ➝ C$19.00
i
5/5/2017TD SecuritiesBoost Price TargetHoldC$14.50 ➝ C$15.00
i
5/4/2017AltaCorp CapitalDowngradeOutperform ➝ Sector Perform
i
Rating by M. Westby at AltaCorp Capital
5/4/2017Raymond JamesBoost Price TargetOutperformC$17.50 ➝ C$18.50
i
5/4/2017DesjardinsBoost Price TargetHold ➝ BuyC$15.50 ➝ C$16.00
i
4/20/2017Raymond JamesDowngradeStrong-Buy ➝ Outperform
i
2/28/2017AltaCorp CapitalUpgradeSector Perform ➝ Outperform
i
Rating by M. Westby at AltaCorp Capital
2/27/2017TD SecuritiesReiterated RatingHoldC$14.50
i
2/24/2017Raymond JamesReiterated RatingStrong-BuyC$17.50
i
2/24/2017Royal Bank of CanadaReiterated RatingSector Perform
i
2/9/2017CIBCBoost Price TargetC$15.50 ➝ C$16.50
i
1/19/2017AltaCorp CapitalReiterated RatingSector Perform
i
Rating by M. Westby at AltaCorp Capital
11/11/2016TD SecuritiesLower Price TargetHoldC$16.00 ➝ C$14.50
i
9/7/2016CIBCReiterated RatingSector PerformC$15.50
i
8/17/2016DesjardinsBoost Price TargetHoldC$15.00 ➝ C$15.25
i
8/8/2016Royal Bank of CanadaBoost Price TargetSector PerformC$15.00 ➝ C$16.00
i
8/5/2016TD SecuritiesBoost Price TargetHoldC$15.00 ➝ C$16.00
i
8/5/2016Royal Bank of CanadaBoost Price TargetSector PerformC$15.00 ➝ C$16.00
i
8/5/2016DesjardinsSet Price TargetC$15.25
i
8/5/2016BMO Capital MarketsBoost Price TargetOutperformC$17.00 ➝ C$18.00
i
7/21/2016Raymond JamesBoost Price TargetC$16.25 ➝ C$17.50
i
7/13/2016National Bank FinancialBoost Price TargetC$16.00 ➝ C$18.00
i
7/7/2016BMO Capital MarketsBoost Price TargetC$16.00 ➝ C$17.00
i
5/12/2016TD SecuritiesBoost Price TargetHoldC$13.50 ➝ C$15.00
i
5/12/2016Royal Bank of CanadaBoost Price TargetSector PerformC$14.00 ➝ C$15.00
i
5/11/2016BMO Capital MarketsBoost Price TargetC$15.00 ➝ C$16.00
i
4/4/2016National Bank FinancialBoost Price TargetOutperformC$15.00 ➝ C$16.00
i
3/22/2016TD SecuritiesBoost Price TargetHoldC$13.00 ➝ C$13.50
i
3/22/2016Royal Bank of CanadaBoost Price TargetSector PerformC$13.00 ➝ C$14.00
i
3/22/2016BMO Capital MarketsBoost Price TargetOutperformC$14.50 ➝ C$15.00
i
2/26/2016TD SecuritiesBoost Price TargetHoldC$11.50 ➝ C$13.00
i
2/26/2016Royal Bank of CanadaBoost Price TargetSector PerformC$12.00 ➝ C$13.00
i
2/26/2016National Bank FinancialBoost Price TargetOutperformC$14.00 ➝ C$15.00
i
2/3/2016BMO Capital MarketsUpgradeMarket Perform ➝ OutperformC$11.50 ➝ C$14.50
i
(Data available from 1/15/2016 forward)
Innergex Renewable Energy Inc. (INE.TO) 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: C$29.98
C$29.47
C$30.24

50 Day Range

MA: C$26.91
C$24.73
C$32.15

52 Week Range

Now: C$29.98
C$13.97
C$32.48

Volume

519,097 shs

Average Volume

786,666 shs

Market Capitalization

C$5.22 billion

P/E Ratio

N/A

Dividend Yield

2.39%

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of Innergex Renewable Energy Inc. (INE.TO)?

The following Wall Street research analysts have issued reports on Innergex Renewable Energy Inc. (INE.TO) in the last twelve months: BMO Capital Markets, CIBC, National Bank Financial, Raymond James, Royal Bank of Canada, Scotiabank, and TD Securities.

What is the current price target for Innergex Renewable Energy Inc. (INE.TO)?

7 Wall Street analysts have set twelve-month price targets for Innergex Renewable Energy Inc. (INE.TO) in the last year. Their average twelve-month price target is C$26.46, suggesting a possible downside of 12.0%. CIBC has the highest price target set, predicting INE will reach C$32.00 in the next twelve months. BMO Capital Markets has the lowest price target set, forecasting a price of C$23.00 for Innergex Renewable Energy Inc. (INE.TO) in the next year.

What is the current consensus analyst rating for Innergex Renewable Energy Inc. (INE.TO)?

Innergex Renewable Energy Inc. (INE.TO) currently has 2 hold ratings and 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe INE will outperform the market and that investors should add to their positions of Innergex Renewable Energy Inc. (INE.TO).

What other companies compete with Innergex Renewable Energy Inc. (INE.TO)?

How do I contact Innergex Renewable Energy Inc. (INE.TO)'s investor relations team?

Innergex Renewable Energy Inc. (INE.TO)'s physical mailing address is East Tower 1111 Saint-Charles St W Suite 1255, LONGUEUIL, QC J4K 5G4, Canada. The company's listed phone number is +1-450-9282550. The official website for Innergex Renewable Energy Inc. (INE.TO) is www.innergex.com.