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Innergex Renewable Energy - INE Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: C$12.38
  • Forecasted Upside: 49.82%
  • Number of Analysts: 10
  • Breakdown:
  • 0 Sell Ratings
  • 5 Hold Ratings
  • 5 Buy Ratings
  • 0 Strong Buy Ratings
C$8.26 As of 12/20/2024 06:17 PM ET
▲ +0.17 (2.10%)

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$12.38
▲ +49.82% Upside Potential
This price target is based on 10 analysts offering 12 month price targets for Innergex Renewable Energy in the last 3 months. The average price target is C$12.38, with a high forecast of C$17.00 and a low forecast of C$10.00. The average price target represents a 49.82% upside from the last price of C$8.26.

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 Moderate Buy

The current consensus among 10 investment analysts is to moderate buy stock in Innergex Renewable Energy. This Moderate Buy consensus rating has held steady for over two years.

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
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
6/30/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
9/28/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
12/27/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
3/26/2024
  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
6/24/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
9/22/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
11/21/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
12/21/2024

Latest Recommendations

  • 0 strong buy ratings
  • 5 buy ratings
  • 5 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
11/7/2024CIBCLower TargetC$11.50 ➝ C$11.00
11/7/2024ScotiabankLower TargetC$12.50 ➝ C$11.50
9/5/2024BMO Capital MarketsBoost TargetC$11.00 ➝ C$11.50
8/9/2024CormarkDowngradeModerate Buy ➝ Hold
7/26/2024TD SecuritiesDowngradeBuy ➝ HoldC$10.00
7/22/2024Cibc World MktsUpgradeHold
7/22/2024CIBCBoost TargetNeutralC$11.00 ➝ C$11.50
7/4/2024National BanksharesBoost TargetOutperformC$16.00 ➝ C$17.00
6/12/2024CIBCBoost TargetNeutralC$10.00 ➝ C$11.00
6/12/2024ScotiabankBoost TargetOutperformC$10.50 ➝ C$12.50
6/6/2024DesjardinsBoost TargetBuyC$13.00 ➝ C$14.00
5/28/2024National BanksharesBoost TargetOutperformC$15.00 ➝ C$16.00
5/10/2024CIBCBoost TargetC$9.50 ➝ C$10.00
4/30/2024DesjardinsLower TargetBuyC$14.00 ➝ C$13.00
2/23/2024DesjardinsLower TargetBuyC$14.50 ➝ C$14.00
2/23/2024CIBCBoost TargetNeutralC$9.00 ➝ C$9.50
2/22/2024Raymond JamesLower TargetOutperformC$15.00 ➝ C$13.00
2/22/2024BMO Capital MarketsLower TargetOutperformC$10.00 ➝ C$9.00
2/16/2024BMO Capital MarketsLower TargetOutperformC$14.00 ➝ C$10.00
2/14/2024TD SecuritiesLower TargetBuyC$12.00 ➝ C$10.00
2/12/2024Royal Bank of CanadaLower TargetSector PerformC$13.00 ➝ C$11.00
1/29/2024DesjardinsBoost TargetBuyC$14.00 ➝ C$14.50
1/9/2024National BanksharesBoost TargetOutperformC$15.75 ➝ C$17.00
1/9/2024CIBCLower TargetNeutralC$13.50 ➝ C$13.00
12/12/2023National BanksharesBoost TargetOutperformC$15.50 ➝ C$15.75
11/10/2023National BanksharesLower TargetOutperformC$16.00 ➝ C$15.50
11/10/2023Royal Bank of CanadaLower TargetSector PerformC$16.00 ➝ C$13.00
11/9/2023BMO Capital MarketsLower TargetOutperformC$17.50 ➝ C$14.00
10/26/2023Raymond JamesLower TargetOutperformC$21.50 ➝ C$15.00
10/25/2023DesjardinsLower TargetBuyC$16.50 ➝ C$14.00
10/19/2023CIBCLower TargetNeutralC$15.00 ➝ C$13.50
10/18/2023TD SecuritiesLower TargetBuyC$15.00 ➝ C$12.00
10/12/2023National BanksharesLower TargetOutperformC$18.00 ➝ C$16.00
9/8/2023BMO Capital MarketsLower TargetOutperformC$18.00 ➝ C$17.50
8/10/2023CIBCLower TargetC$16.00 ➝ C$15.00
8/10/2023National BanksharesLower TargetC$19.00 ➝ C$18.00
7/21/2023CIBCLower TargetNeutralC$16.50 ➝ C$16.00
7/13/2023National BanksharesLower TargetC$20.00 ➝ C$19.00
6/28/2023ScotiabankLower TargetC$19.25 ➝ C$17.25
4/24/2023CSFBLower TargetC$20.00 ➝ C$19.50
4/21/2023CIBCLower TargetC$19.00 ➝ C$17.50
4/19/2023National BanksharesBoost TargetOutperformC$20.00 ➝ C$21.00
3/7/2023National BanksharesLower TargetOutperformC$23.00 ➝ C$20.00
2/24/2023TD SecuritiesLower TargetBuyC$19.50 ➝ C$17.50
2/24/2023Royal Bank of CanadaLower TargetSector PerformC$19.00 ➝ C$17.00
2/24/2023CIBCLower TargetNeutralC$20.00 ➝ C$19.00
1/24/2023CormarkLower TargetC$20.00 ➝ C$19.00
1/19/2023BMO Capital MarketsLower TargetC$19.00 ➝ C$18.00
1/10/2023CIBCDowngradeOutperform ➝ Neutral
11/21/2022CSFBBoost TargetC$21.50 ➝ C$22.00
11/21/2022Credit Suisse GroupBoost TargetOutperformC$22.00
11/9/2022TD SecuritiesUpgradeHold ➝ BuyC$19.50
11/9/2022Royal Bank of CanadaLower TargetSector PerformC$21.00 ➝ C$19.00
11/8/2022BMO Capital MarketsLower TargetC$21.00 ➝ C$19.00
10/25/2022CSFBLower TargetC$27.50 ➝ C$21.50
10/25/2022Credit Suisse GroupLower TargetOutperformC$21.50
10/20/2022ScotiabankLower TargetC$21.50 ➝ C$18.00
10/18/2022CIBCLower TargetC$23.00 ➝ C$20.00
10/17/2022National BanksharesSet TargetOutperformC$23.00
10/7/2022National BanksharesLower TargetC$25.00 ➝ C$23.00
9/29/2022ScotiabankBoost TargetC$21.00 ➝ C$21.50
9/21/2022National BanksharesBoost TargetOutperformC$24.00 ➝ C$25.00
9/16/2022CIBCBoost TargetC$22.00 ➝ C$23.00
8/24/2022CSFBBoost TargetC$24.00 ➝ C$27.50
8/24/2022Credit Suisse GroupBoost TargetC$27.50
8/5/2022TD SecuritiesDowngradeBuy ➝ HoldC$19.00 ➝ C$21.00
8/5/2022CormarkBoost TargetC$21.00 ➝ C$23.00
7/28/2022National BanksharesBoost TargetOutperformC$23.00 ➝ C$24.00
7/25/2022Credit Suisse GroupLower TargetOutperformC$25.00 ➝ C$24.00
7/21/2022CIBCBoost TargetC$21.00 ➝ C$22.00
5/12/2022TD SecuritiesUpgradeHold ➝ BuyC$21.00 ➝ C$19.00
5/12/2022Raymond JamesSet TargetOutperformC$24.00
4/20/2022Credit Suisse GroupBoost TargetOutperformC$24.00 ➝ C$25.00
4/20/2022CSFBBoost TargetC$24.00 ➝ C$25.00
4/4/2022TD SecuritiesDowngradeBuy ➝ HoldC$21.00
2/24/2022Raymond JamesLower TargetOutperformC$26.75 ➝ C$24.00
1/31/2022CSFBSet TargetOutperformC$29.00
1/31/2022Credit Suisse GroupReiterated RatingOutperformC$29.00
1/27/2022ScotiabankLower TargetC$26.50 ➝ C$20.25
1/11/2022CIBCLower TargetC$22.50 ➝ C$21.00
11/12/2021DesjardinsLower TargetOutperformC$23.00 ➝ C$21.00
11/12/2021Royal Bank of CanadaLower TargetSector PerformC$24.00 ➝ C$23.00
11/12/2021Raymond JamesSet TargetOutperformC$26.75
11/12/2021TD SecuritiesLower TargetBuyC$24.00 ➝ C$23.00
11/12/2021CIBCLower TargetNeutralC$23.00 ➝ C$22.50
10/25/2021Raymond JamesSet TargetOutperformC$26.75
9/17/2021National Bank FinancialReiterated RatingOutperform
9/17/2021National BanksharesBoost TargetOutperformC$27.00 ➝ C$28.00
9/17/2021CSFBSet TargetOutperformC$26.00
9/16/2021Credit Suisse GroupReiterated RatingBuyC$26.00
9/16/2021Raymond JamesBoost TargetOutperformC$26.75
9/16/2021National Bank FinancialBoost TargetNAC$28.00
9/16/2021CIBCReiterated RatingNeutralC$23.00
9/16/2021Royal Bank of CanadaReiterated RatingHoldC$24.00
9/7/2021National Bank FinancialReiterated RatingOutperformC$27.00
9/7/2021National BanksharesSet TargetOutperformC$27.00
9/7/2021TD SecuritiesUpgradeHold ➝ BuyC$23.00 ➝ C$24.00
9/7/2021BMO Capital MarketsBoost TargetOutperformC$23.00 ➝ C$24.00
9/7/2021ScotiabankBoost TargetC$23.50 ➝ C$26.50
9/7/2021Royal Bank of CanadaUpgradeHoldC$24.00
8/18/2021Credit Suisse GroupReiterated RatingOutperformC$26.00
8/18/2021CSFBSet TargetOutperformC$26.00
8/5/2021National Bank FinancialBoost TargetOutperformC$27.00
8/5/2021Raymond JamesReiterated RatingOutperformC$26.75
8/5/2021National BanksharesBoost TargetOutperformC$26.00 ➝ C$27.00
8/4/2021Royal Bank of CanadaReiterated RatingSector PerformC$24.00
7/28/2021Raymond JamesLower TargetOutperformC$26.75
7/5/2021CIBCLower TargetNeutralC$23.00
7/2/2021ScotiabankBoost TargetC$23.00 ➝ C$23.50
5/25/2021CSFBLower TargetC$30.00 ➝ C$26.00
5/25/2021Credit Suisse GroupLower TargetNeutralC$26.00
5/13/2021National Bank FinancialLower TargetOutperformC$26.00
5/13/2021TD SecuritiesLower TargetHoldC$28.00 ➝ C$23.00
5/13/2021National BanksharesLower TargetOutperformC$28.00 ➝ C$26.00
5/13/2021CIBCLower TargetC$25.00 ➝ C$23.00
5/13/2021Royal Bank of CanadaLower TargetSector PerformC$29.00 ➝ C$24.00
5/12/2021Raymond JamesReiterated RatingOutperformC$28.00
5/12/2021BMO Capital MarketsLower TargetOutperformC$27.00 ➝ C$25.00
5/12/2021ScotiabankLower TargetC$26.00 ➝ C$23.00
5/12/2021CIBCReiterated RatingNeutralC$25.00
4/28/2021Raymond JamesLower TargetOutperformC$32.00 ➝ C$28.00
3/15/2021CIBCLower TargetNAC$27.00 ➝ C$25.00
3/4/2021ScotiabankLower TargetC$32.00 ➝ C$26.00
3/1/2021Raymond JamesLower TargetOutperformC$37.00 ➝ C$32.00
3/1/2021TD SecuritiesLower TargetHoldC$32.00 ➝ C$28.00
3/1/2021Royal Bank of CanadaLower TargetSector PerformC$35.00 ➝ C$29.00
3/1/2021CIBCLower TargetC$32.00 ➝ C$27.00
2/26/2021National Bank FinancialReiterated RatingSector PerformC$32.00 ➝ C$28.00
1/27/2021Raymond JamesBoost TargetOutperformC$28.00 ➝ C$37.00
1/21/2021Credit Suisse GroupInitiated CoverageNeutralC$32.00
1/13/2021CIBCBoost TargetC$26.00 ➝ C$32.00
11/12/2020Royal Bank of CanadaBoost TargetSector PerformC$23.00 ➝ C$25.00
11/12/2020CIBCLower TargetC$26.50 ➝ C$26.00
11/11/2020Raymond JamesSet TargetOutperformC$28.00
11/1/2020National Bank FinancialBoost TargetOutperformC$24.50 ➝ C$27.00
10/28/2020Raymond JamesBoost TargetOutperformC$25.00 ➝ C$28.00
10/26/2020National Bank FinancialBoost TargetOutperformC$24.50 ➝ C$27.00
10/16/2020ScotiabankBoost TargetC$23.00 ➝ C$25.25
10/15/2020CIBCBoost TargetC$23.00 ➝ C$26.50
8/6/2020TD SecuritiesBoost TargetHoldC$23.00 ➝ C$25.00
8/6/2020CIBCBoost TargetC$22.50 ➝ C$23.00
8/6/2020Royal Bank of CanadaBoost TargetSector PerformC$22.00 ➝ C$23.00
8/5/2020Raymond JamesDowngradeStrong-Buy ➝ OutperformC$25.00
8/5/2020BMO Capital MarketsBoost TargetC$21.00 ➝ C$23.00
8/5/2020ScotiabankBoost TargetC$22.50 ➝ C$23.00
7/29/2020Raymond JamesBoost TargetStrong-BuyC$23.00 ➝ C$25.00
7/22/2020National Bank FinancialBoost TargetOutperformC$22.50 ➝ C$24.50
7/21/2020CIBCBoost TargetC$20.50 ➝ C$22.50
7/16/2020Raymond JamesBoost TargetStrong-BuyC$22.00 ➝ C$23.00
7/16/2020ScotiabankBoost TargetC$21.25 ➝ C$22.50
7/16/2020BMO Capital MarketsBoost TargetC$19.50 ➝ C$21.00
6/4/2020National Bank FinancialBoost TargetOutperformC$21.50 ➝ C$22.50
5/25/2020Raymond JamesSet TargetStrong-BuyC$22.00
5/17/2020ScotiabankBoost TargetC$20.00 ➝ C$20.50
4/30/2020National Bank FinancialBoost TargetOutperformC$19.50 ➝ C$21.50
3/25/2020Raymond JamesUpgradeOutperform ➝ Strong-BuyC$22.00
3/20/2020CIBCLower TargetC$21.00 ➝ C$19.00
3/13/2020National Bank FinancialLower TargetOutperformC$22.50 ➝ C$19.50
3/2/2020CIBCBoost TargetC$20.00 ➝ C$21.00
3/2/2020BMO Capital MarketsBoost TargetC$20.00 ➝ C$22.00
2/28/2020Raymond JamesBoost TargetOutperformC$20.00 ➝ C$22.00
2/13/2020National Bank FinancialBoost TargetOutperformC$21.00 ➝ C$22.50
2/10/2020Royal Bank of CanadaBoost TargetSector PerformC$17.00 ➝ C$22.00
2/7/2020CIBCBoost TargetC$18.00 ➝ C$20.00
2/7/2020TD SecuritiesBoost TargetHoldC$18.00 ➝ C$22.00
2/6/2020National Bank FinancialBoost TargetOutperformC$20.00 ➝ C$21.00
1/30/2020CIBCBoost TargetC$17.00 ➝ C$18.00
1/27/2020National Bank FinancialBoost TargetOutperformC$18.50 ➝ C$20.00
1/15/2020CIBCBoost TargetC$16.50 ➝ C$17.00
1/13/2020BMO Capital MarketsUpgradeMarket Perform ➝ OutperformC$17.00 ➝ C$20.00
(Data available from 12/21/2019 forward)

News Sentiment Rating

0.76 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 6 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
5/25/2024
  • 4 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/24/2024
  • 3 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/24/2024
  • 7 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/23/2024
  • 5 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/22/2024
  • 3 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/22/2024
  • 6 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/21/2024
  • 1 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/21/2024

Current Sentiment

  • 1 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Innergex Renewable Energy logo
For over 30 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity, which led to Innergex being recognized as Canada's best corporate citizens in 2023 by Corporate Knights. As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating power from renewable sources will lead the way to a better world. Innergex conducts operations in Canada, the United States, France and Chile and manages a large portfolio of high-quality assets. Its approach to building shareholder value is to generate sustainable cash flows, provide an attractive risk-adjusted return on invested capital and to distribute a stable dividend.
Read More

Today's Range

Now: C$8.26
Low: C$8.01
High: C$8.31

50 Day Range

MA: C$8.96
Low: C$8.09
High: C$10.13

52 Week Range

Now: C$8.26
Low: C$7.05
High: C$10.96

Volume

567,089 shs

Average Volume

634,697 shs

Market Capitalization

C$1.67 billion

P/E Ratio

N/A

Dividend Yield

3.70%

Beta

0.36

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, Cibc World Mkts, Cormark, Desjardins, 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?

0 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$12.38, suggesting a possible upside of 49.8%. National Bankshares, Inc. has the highest price target set, predicting INE will reach C$17.00 in the next twelve months. TD Securities has the lowest price target set, forecasting a price of C$10.00 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 5 hold ratings and 5 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for INE.

What other companies compete with Innergex Renewable Energy?

Other companies that are similar to Innergex Renewable Energy include Algonquin Power & Utilities, Northland Power, TransAlta Renewables, Boralex and Altius Renewable Royalties. Learn More about companies similar to 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. Learn More about contacing Innergex Renewable Energy investor relations.