TransAlta Renewables (TSE:RNW) was downgraded by analysts at CIBC from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. They presently have a C$13.50 price target on the stock, up from their prior price target of C$13.00. CIBC’s price target indicates a potential downside of 2.32% from the stock’s previous close.
A number of other research firms have also commented on RNW. National Bank Financial raised their price target on shares of TransAlta Renewables from C$12.50 to C$13.00 and gave the stock a “sector perform” rating in a research report on Friday, March 8th. Raymond James reaffirmed a “market perform” rating and set a C$12.50 price target on shares of TransAlta Renewables in a research report on Thursday, March 7th. Industrial Alliance Securities raised their price target on shares of TransAlta Renewables from C$12.00 to C$13.00 and gave the stock a “hold” rating in a research report on Thursday, March 7th. Finally, TD Securities raised their price target on shares of TransAlta Renewables from C$13.00 to C$13.50 and gave the stock a “buy” rating in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. TransAlta Renewables currently has a consensus rating of “Hold” and an average target price of C$12.88.
TSE:RNW opened at C$13.82 on Wednesday. TransAlta Renewables has a 52 week low of C$9.76 and a 52 week high of C$13.89. The stock has a market cap of $3.62 billion and a P/E ratio of 15.05. The company has a debt-to-equity ratio of 38.90, a quick ratio of 1.18 and a current ratio of 1.57.
TransAlta Renewables Company Profile
TransAlta Renewables Inc develops, owns, and operates renewable power generation facilities. As of October 19, 2018, it owned and operated 21 wind facilities, 13 hydroelectric facilities, 7 natural gas generation facilities, 1 solar facility, and 1 natural gas pipeline comprising an ownership interest of 2,421 megawatts of generating capacity located in the provinces of British Columbia, Alberta, Ontario, Québec, and New Brunswick; and the States of Wyoming, Massachusetts, and Minnesota, as well as the State of Western Australia.
See Also: Diluted Earnings Per Share
Receive News & Ratings for TransAlta Renewables Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransAlta Renewables and related companies with MarketBeat.com's FREE daily email newsletter.