Scotiabank Cuts TransAlta Renewables Inc (RNW) Price Target to C$14.00

TransAlta Renewables Inc (TSE:RNW) had its price objective lowered by equities research analysts at Scotiabank from C$15.00 to C$14.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential upside of 6.54% from the company’s previous close.

Several other research analysts also recently commented on RNW. TD Securities lowered their target price on TransAlta Renewables from C$16.00 to C$15.50 and set a “hold” rating for the company in a research note on Friday, August 11th. National Bank Financial reissued a “sector perform under weight” rating on shares of TransAlta Renewables in a research note on Thursday, July 20th. Five equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of C$14.83.

Shares of TransAlta Renewables (TSE RNW) traded down C$0.09 during midday trading on Tuesday, reaching C$13.14. The company’s stock had a trading volume of 519,600 shares, compared to its average volume of 238,964. TransAlta Renewables has a 12-month low of C$12.66 and a 12-month high of C$16.25.

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About TransAlta Renewables

TransAlta Renewables Inc is a Canada-based company engaged in developing, owning and operating renewable power generation facilities. The Company owns and operates over 10 hydro facilities and approximately 20 wind farms in Western and Eastern Canada with a total installed capacity of approximately 1,140 megawatts (MW) and holds economic interest in approximately 140 MW Wyoming Wind Farm and approximately 420 MW Australian gas-fired generation assets, as well as over 270 kilometers gas pipeline.

Analyst Recommendations for TransAlta Renewables (TSE:RNW)

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