Analyst Outlook for This Canada’s Energy Sector Company

In a new note to investors today, an analyst has provided a rating update for Innergex Renewable Energy (INEResearch Report). The Utilities company, Innergex Renewable Energy (TSX: INE) has just received a rating update from a Wall Street analyst.

Quezada has an average return of 11.6% when recommending Innergex Renewable Energy.

According to TipRanks.com, Quezada is ranked #612 out of 5239 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Innergex Renewable Energy with a C$16.33 average price target.

The company has a one-year high of C$15.28 and a one-year low of C$11.66. Currently, Innergex Renewable Energy has an average volume of 247.7K.

Innergex Renewable Energy, Inc. engages in the development, acquisition, and operations of run-of-river hydroelectric facilities, wind farms, solar photovoltaic farms, and geothermal power generation plants. It operates through the following segments: Hydroelectric Generation, Wind Power Generation, Solar Power Generation, and Site Development.

The company’s shares closed last Wednesday at C$14.96, close to its 52-week high of C$15.28.