TSE:INE - Innergex Renewable Energy Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$25.00
  • Forecasted Upside: 14.26 %
  • Number of Analysts: 8
  • Breakdown:
  • 0 Sell Ratings
  • 4 Hold Ratings
  • 4 Buy Ratings
  • 0 Strong Buy Ratings
C$21.88
▲ +0.39 (1.81%)

This chart shows the closing price for INE by one month, three months, or twelve months.

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Analyst Price Target for INE

Analyst Price Target is C$25.00
▲ +14.26% Upside Potential
This price target is based on 8 analysts offering 12 month price targets for Innergex Renewable Energy in the last 3 months. The average price target is C$25.00, with a high forecast of C$28.00 and a low forecast of C$23.00. The average price target represents a 14.26% upside from the last price of C$21.88.

This chart shows the closing price for INE for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 8 polled investment analysts is to buy stock in Innergex Renewable Energy. This rating has held steady since April 2021, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart

  • 0 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 0 sell ratings
12/30/2019
  • 0 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 0 sell ratings
3/29/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
6/27/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
9/25/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
12/24/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
3/24/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 4 hold ratings
  • 0 sell ratings
5/23/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 4 hold ratings
  • 0 sell ratings
6/22/2021

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
5/25/2021CSFBLower Price TargetC$30.00 ➝ C$26.00
5/25/2021Credit Suisse GroupLower Price TargetNeutralC$26.00
5/13/2021National Bank FinancialLower Price TargetOutperformC$26.00
5/13/2021TD SecuritiesLower Price TargetHoldC$28.00 ➝ C$23.00
5/13/2021National BanksharesLower Price TargetOutperformC$28.00 ➝ C$26.00
5/13/2021CIBCLower Price TargetC$25.00 ➝ C$23.00
5/13/2021Royal Bank of CanadaLower Price TargetSector PerformC$29.00 ➝ C$24.00
5/12/2021Raymond JamesReiterated RatingOutperformC$28.00
5/12/2021BMO Capital MarketsLower Price TargetOutperformC$27.00 ➝ C$25.00
5/12/2021ScotiabankLower Price TargetC$26.00 ➝ C$23.00
5/12/2021CIBCReiterated RatingNeutralC$25.00
4/28/2021Raymond JamesLower Price TargetOutperformC$32.00 ➝ C$28.00
3/15/2021CIBCLower Price TargetNAC$27.00 ➝ C$25.00
3/4/2021ScotiabankLower Price TargetC$32.00 ➝ C$26.00
3/1/2021Raymond JamesLower Price TargetOutperformC$37.00 ➝ C$32.00
3/1/2021TD SecuritiesLower Price TargetHoldC$32.00 ➝ C$28.00
3/1/2021Royal Bank of CanadaLower Price TargetSector PerformC$35.00 ➝ C$29.00
3/1/2021CIBCLower Price TargetC$32.00 ➝ C$27.00
2/26/2021National Bank FinancialReiterated RatingSector PerformC$32.00 ➝ C$28.00
1/27/2021Raymond JamesBoost Price TargetOutperformC$28.00 ➝ C$37.00
1/21/2021Credit Suisse GroupInitiated CoverageNeutralC$32.00
1/13/2021CIBCBoost Price TargetC$26.00 ➝ C$32.00
11/12/2020Royal Bank of CanadaBoost Price TargetSector PerformC$23.00 ➝ C$25.00
11/12/2020CIBCLower Price TargetC$26.50 ➝ C$26.00
11/11/2020Raymond JamesSet Price TargetOutperformC$28.00
11/1/2020National Bank FinancialBoost Price TargetOutperformC$24.50 ➝ C$27.00
10/28/2020Raymond JamesBoost Price TargetOutperformC$25.00 ➝ C$28.00
10/26/2020National Bank FinancialBoost Price TargetOutperformC$24.50 ➝ C$27.00
10/16/2020ScotiabankBoost Price TargetC$23.00 ➝ C$25.25
10/15/2020CIBCBoost Price TargetC$23.00 ➝ C$26.50
8/6/2020TD SecuritiesBoost Price TargetHoldC$23.00 ➝ C$25.00
8/6/2020CIBCBoost Price TargetC$22.50 ➝ C$23.00
8/6/2020Royal Bank of CanadaBoost Price TargetSector PerformC$22.00 ➝ C$23.00
8/5/2020Raymond JamesDowngradeStrong-Buy ➝ OutperformC$25.00
8/5/2020BMO Capital MarketsBoost Price TargetC$21.00 ➝ C$23.00
8/5/2020ScotiabankBoost Price TargetC$22.50 ➝ C$23.00
7/29/2020Raymond JamesBoost Price TargetStrong-BuyC$23.00 ➝ C$25.00
7/22/2020National Bank FinancialBoost Price TargetOutperformC$22.50 ➝ C$24.50
7/21/2020CIBCBoost Price TargetC$20.50 ➝ C$22.50
7/16/2020Raymond JamesBoost Price TargetStrong-BuyC$22.00 ➝ C$23.00
7/16/2020ScotiabankBoost Price TargetC$21.25 ➝ C$22.50
7/16/2020BMO Capital MarketsBoost Price TargetC$19.50 ➝ C$21.00
6/4/2020National Bank FinancialBoost Price TargetOutperformC$21.50 ➝ C$22.50
5/25/2020Raymond JamesSet Price TargetStrong-BuyC$22.00
5/17/2020ScotiabankBoost Price TargetC$20.00 ➝ C$20.50
4/30/2020National Bank FinancialBoost Price TargetOutperformC$19.50 ➝ C$21.50
3/25/2020Raymond JamesUpgradeOutperform ➝ Strong-BuyC$22.00
3/20/2020CIBCLower Price TargetC$21.00 ➝ C$19.00
3/13/2020National Bank FinancialLower Price TargetOutperformC$22.50 ➝ C$19.50
3/2/2020CIBCBoost Price TargetC$20.00 ➝ C$21.00
3/2/2020BMO Capital MarketsBoost Price TargetC$20.00 ➝ C$22.00
2/28/2020Raymond JamesBoost Price TargetOutperformC$20.00 ➝ C$22.00
2/13/2020National Bank FinancialBoost Price TargetOutperformC$21.00 ➝ C$22.50
2/10/2020Royal Bank of CanadaBoost Price TargetSector PerformC$17.00 ➝ C$22.00
2/7/2020CIBCBoost Price TargetC$18.00 ➝ C$20.00
2/7/2020TD SecuritiesBoost Price TargetHoldC$18.00 ➝ C$22.00
2/6/2020National Bank FinancialBoost Price TargetOutperformC$20.00 ➝ C$21.00
1/30/2020CIBCBoost Price TargetC$17.00 ➝ C$18.00
1/27/2020National Bank FinancialBoost Price TargetOutperformC$18.50 ➝ C$20.00
1/15/2020CIBCBoost Price TargetC$16.50 ➝ C$17.00
1/13/2020BMO Capital MarketsUpgradeMarket Perform ➝ OutperformC$17.00 ➝ C$20.00
11/14/2019Raymond JamesReiterated RatingOutperformC$17.50
11/13/2019TD SecuritiesLower Price TargetHoldC$17.50 ➝ C$17.00
11/13/2019CIBCBoost Price TargetC$16.00 ➝ C$16.50
11/13/2019Royal Bank of CanadaBoost Price TargetSector PerformC$16.00 ➝ C$17.00
10/23/2019CIBCBoost Price TargetC$15.50 ➝ C$16.00
9/30/2019National Bank FinancialSet Price TargetOutperformC$18.50
9/6/2019National Bank FinancialReiterated RatingOutperformC$18.50
8/14/2019Raymond JamesReiterated RatingOutperformC$17.50
7/26/2019Raymond JamesBoost Price TargetC$17.00 ➝ C$17.50
6/26/2019BMO Capital MarketsBoost Price TargetC$15.00 ➝ C$16.00
5/16/2019TD SecuritiesLower Price TargetHoldC$16.00 ➝ C$15.50
5/15/2019Raymond JamesSet Price TargetOutperformC$17.00
4/24/2019DesjardinsReiterated RatingHold ➝ AverageC$15.50
4/16/2019Raymond JamesReiterated RatingOutperformC$17.00
3/26/2019Raymond JamesSet Price TargetOutperformC$17.00
3/1/2019Raymond JamesReiterated RatingOutperformC$17.00
3/1/2019TD SecuritiesDowngradeBuy ➝ HoldC$15.00 ➝ C$16.00
2/19/2019National Bank FinancialBoost Price TargetOutperformC$17.50 ➝ C$18.50
2/13/2019BMO Capital MarketsBoost Price TargetMarket PerformC$13.50 ➝ C$15.00
11/19/2018Canaccord GenuitySet Price TargetC$13.50
11/14/2018Raymond JamesLower Price TargetOutperformC$20.00 ➝ C$17.00
11/6/2018BMO Capital MarketsLower Price TargetC$15.50 ➝ C$13.50
10/9/2018Industrial Alliance SecuritiesLower Price TargetC$18.00 ➝ C$16.00
10/5/2018National Bank FinancialLower Price TargetC$18.50 ➝ C$17.50
8/8/2018TD SecuritiesBoost Price TargetBuyC$15.50 ➝ C$16.00
8/3/2018Raymond JamesLower Price TargetOutperformC$29.00 ➝ C$20.00
7/27/2018National Bank FinancialLower Price TargetOutperformC$19.00 ➝ C$18.50
7/5/2018National Bank FinancialBoost Price TargetOutperformC$18.00 ➝ C$19.00
6/15/2018TD SecuritiesUpgradeHold ➝ BuyC$15.50
5/17/2018DesjardinsBoost Price TargetC$15.25 ➝ C$15.50
5/8/2018TD SecuritiesBoost Price TargetHoldC$15.00
5/4/2018Canaccord GenuitySet Price TargetHoldC$14.50
2/23/2018TD SecuritiesLower Price TargetHoldC$15.50 ➝ C$15.00
2/7/2018BMO Capital MarketsDowngradeOutperform ➝ Market PerformC$19.00 ➝ C$15.00
1/11/2018CIBCLower Price TargetC$15.50 ➝ C$15.00
12/19/2017Raymond JamesBoost Price TargetOutperformC$18.50 ➝ C$19.00
10/31/2017TD SecuritiesBoost Price TargetHoldC$15.00 ➝ C$15.50
9/8/2017BMO Capital MarketsBoost Price TargetC$18.50 ➝ C$19.00
5/5/2017TD SecuritiesBoost Price TargetHoldC$14.50 ➝ C$15.00
5/4/2017AltaCorp CapitalDowngradeOutperform ➝ Sector Perform
5/4/2017Raymond JamesBoost Price TargetOutperformC$17.50 ➝ C$18.50
5/4/2017DesjardinsBoost Price TargetHold ➝ BuyC$15.50 ➝ C$16.00
4/20/2017Raymond JamesDowngradeStrong-Buy ➝ Outperform
2/28/2017AltaCorp CapitalUpgradeSector Perform ➝ Outperform
2/27/2017TD SecuritiesReiterated RatingHoldC$14.50
2/24/2017Raymond JamesReiterated RatingStrong-BuyC$17.50
2/24/2017Royal Bank of CanadaReiterated RatingSector Perform
2/9/2017CIBCBoost Price TargetC$15.50 ➝ C$16.50
1/19/2017AltaCorp CapitalReiterated RatingSector Perform
11/11/2016TD SecuritiesLower Price TargetHoldC$16.00 ➝ C$14.50
9/7/2016CIBCReiterated RatingSector PerformC$15.50
8/17/2016DesjardinsBoost Price TargetHoldC$15.00 ➝ C$15.25
8/8/2016Royal Bank of CanadaBoost Price TargetSector PerformC$15.00 ➝ C$16.00
8/5/2016TD SecuritiesBoost Price TargetHoldC$15.00 ➝ C$16.00
8/5/2016Royal Bank of CanadaBoost Price TargetSector PerformC$15.00 ➝ C$16.00
8/5/2016DesjardinsSet Price TargetC$15.25
8/5/2016BMO Capital MarketsBoost Price TargetOutperformC$17.00 ➝ C$18.00
7/21/2016Raymond JamesBoost Price TargetC$16.25 ➝ C$17.50
7/13/2016National Bank FinancialBoost Price TargetC$16.00 ➝ C$18.00
7/7/2016BMO Capital MarketsBoost Price TargetC$16.00 ➝ C$17.00
(Data available from 6/22/2016 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, and wind and solar farms, as well as energy storage facilities. The company operates through three segments: Hydroelectric Generation, Wind Power Generation, and Solar Power Generation. As of February 25, 2021, it owned and operated 75 facilities with a net installed capacity of 2,742 megawatts, which included 37 hydroelectric facilities, 32 wind farms, and six solar farms; and had interests in 10 projects under development, as well as prospective projects at various stages of development. Innergex Renewable Energy Inc. was founded in 1990 and is headquartered in Longueuil, Canada.
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Today's Range

Now: C$21.88
Low: C$21.42
High: C$21.90

50 Day Range

MA: C$20.99
Low: C$18.76
High: C$23.40

52 Week Range

Now: C$21.88
Low: C$18.18
High: C$32.48

Volume

340,949 shs

Average Volume

871,186 shs

Market Capitalization

C$3.82 billion

P/E Ratio

N/A

Dividend Yield

3.35%

Beta

N/A

Frequently Asked Questions

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

The following Wall Street research analysts have issued reports on Innergex Renewable Energy in the last twelve months: BMO Capital Markets, CIBC, Credit Suisse Group AG, CSFB, National Bank Financial, National Bankshares, Inc., Raymond James, Royal Bank of Canada, Scotiabank, and TD Securities.
View the latest analyst ratings for INE.

What is the current price target for Innergex Renewable Energy?

10 Wall Street analysts have set twelve-month price targets for Innergex Renewable Energy in the last year. Their average twelve-month price target is C$25.00, suggesting a possible upside of 14.3%. Raymond James has the highest price target set, predicting INE will reach C$28.00 in the next twelve months. TD Securities has the lowest price target set, forecasting a price of C$23.00 for Innergex Renewable Energy in the next year.
View the latest price targets for INE.

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

Innergex Renewable Energy currently has 4 hold ratings and 4 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.
View the latest ratings for INE.

What other companies compete with Innergex Renewable Energy?

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

Innergex Renewable Energy'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 is www.innergex.com.