TransAlta Renewables (RNW) Price Target Raised to C$12.50 at National Bank Financial

TransAlta Renewables (TSE:RNW) had its price objective lifted by analysts at National Bank Financial from C$12.00 to C$12.50 in a research note issued to investors on Tuesday. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 3.48% from the company’s current price.

RNW has been the topic of several other research reports. Raymond James restated 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. TD Securities upgraded TransAlta Renewables from a “hold” rating to a “buy” rating and set a C$13.00 price objective on the stock in a research note on Friday, November 2nd. Desjardins cut their price objective on TransAlta Renewables from C$13.00 to C$12.50 in a research note on Friday, November 2nd. Royal Bank of Canada cut 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, CIBC lowered their target price on TransAlta Renewables from C$13.00 to C$12.00 in a report on Wednesday, October 24th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of C$12.83.

TSE RNW traded up C$0.01 on Tuesday, hitting C$12.08. 119,963 shares of the stock traded hands, compared to its average volume of 326,046. TransAlta Renewables has a twelve month low of C$9.76 and a twelve month high of C$13.32. The stock has a market capitalization of $3.18 billion and a P/E ratio of 17.42. The company has a quick ratio of 0.44, a current ratio of 0.60 and a debt-to-equity ratio of 44.14.

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.

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Analyst Recommendations for TransAlta Renewables (TSE:RNW)

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