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 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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