TransAlta Renewables Inc (TSE:RNW) has received a consensus rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$12.78.
A number of research firms have weighed in on RNW. National Bank Financial reduced their price target on TransAlta Renewables from C$12.50 to C$12.00 in a research report on Friday, October 5th. CIBC dropped their price objective on TransAlta Renewables from C$13.00 to C$12.00 in a research note on Wednesday, October 24th. Industrial Alliance Securities cut TransAlta Renewables from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$14.00 to C$12.00 in a research note on Tuesday, October 9th. Royal Bank of Canada dropped their price objective on TransAlta Renewables from C$14.00 to C$13.00 and set a “sector perform” rating on the stock in a research note on Friday, November 2nd. Finally, Raymond James reiterated a “market perform” rating and set a C$12.50 price objective on shares of TransAlta Renewables in a research note on Friday, November 2nd.
TSE:RNW traded up C$0.02 during trading hours on Wednesday, reaching C$11.20. 206,592 shares of the stock were exchanged, compared to its average volume of 287,485. TransAlta Renewables has a twelve month low of C$10.23 and a twelve month high of C$13.50. The company has a quick ratio of 0.44, a current ratio of 0.60 and a debt-to-equity ratio of 44.14.
About TransAlta Renewables
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.
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