TransAlta Renewables (RNW) Price Target Cut to C$13.50 by Analysts at National Bank Financial

TransAlta Renewables (TSE:RNW) had its price objective dropped by stock analysts at National Bank Financial from C$15.00 to C$13.50 in a research report issued on Wednesday. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 13.16% from the stock’s current price.

RNW has been the topic of a number of other reports. TD Securities dropped their price objective on shares of TransAlta Renewables from C$15.00 to C$14.00 in a report on Thursday, December 7th. Scotiabank dropped their price objective on shares of TransAlta Renewables from C$15.00 to C$14.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 14th. Five analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of C$14.42.

Shares of TransAlta Renewables (TSE RNW) opened at C$11.93 on Wednesday. TransAlta Renewables has a twelve month low of C$11.76 and a twelve month high of C$16.25. The company has a market cap of $2,990.00, a price-to-earnings ratio of 397.67 and a beta of 0.27.

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TransAlta Renewables Company Profile

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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