TransAlta Renewables (TSE:RNW) had its price target increased by equities researchers at National Bank Financial from C$13.75 to C$14.25 in a report released on Wednesday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price objective indicates a potential downside of 5.94% from the stock’s current price.
A number of other equities analysts also recently weighed in on RNW. Raymond James reissued a “market perform” rating and set a C$14.50 price target on shares of TransAlta Renewables in a research report on Thursday, November 7th. TD Securities raised their price objective on TransAlta Renewables from C$15.00 to C$15.50 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, CIBC lifted their target price on TransAlta Renewables from C$13.50 to C$14.00 in a research note on Wednesday, October 23rd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. TransAlta Renewables presently has a consensus rating of “Hold” and a consensus price target of C$13.96.
Shares of TransAlta Renewables stock traded up C$0.09 during trading on Wednesday, hitting C$15.15. 110,063 shares of the stock were exchanged, compared to its average volume of 298,824. The company has a current ratio of 1.79, a quick ratio of 0.66 and a debt-to-equity ratio of 39.33. The company has a fifty day moving average price of C$14.40 and a 200-day moving average price of C$13.80. The stock has a market capitalization of $3.99 billion and a price-to-earnings ratio of 17.84. TransAlta Renewables has a 1-year low of C$9.76 and a 1-year high of C$15.15.
TransAlta Renewables Inc develops, owns, and operates renewable power generation facilities. As of March 6, 2019, 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 2,414 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.
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.