TransAlta Renewables Inc (TSE:RNW) has received an average rating of “Hold” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$12.90.
A number of equities research analysts recently commented on the stock. Royal Bank of Canada lowered their price objective on shares of 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. Raymond James reissued a “market perform” rating and issued a C$12.50 price objective on shares of TransAlta Renewables in a research note on Friday, November 2nd. Desjardins lowered their price objective on shares of TransAlta Renewables from C$13.00 to C$12.50 in a research note on Friday, November 2nd. TD Securities raised shares of 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. Finally, CIBC lowered their price objective on shares of TransAlta Renewables from C$13.00 to C$12.00 in a research note on Wednesday, October 24th.
Shares of TSE:RNW traded down C$0.06 on Friday, reaching C$11.35. 157,671 shares of the company were exchanged, compared to its average volume of 288,837. TransAlta Renewables has a 1-year low of C$10.23 and a 1-year high of C$13.61.
TransAlta Renewables Company Profile
TransAlta Renewables Inc develops, owns, and operates renewable power generation facilities. The company's portfolio consists of wind, hydro, and gas facilities. It owns and operates 18 wind facilities, 13 hydroelectric facilities, 7 natural gas generation facilities, and 1 natural gas pipeline comprising an ownership interest of 2316 megawatts of net generating capacity located in the provinces of British Columbia, Alberta, Ontario, Québec, New Brunswick, the State of Wyoming, and the State of Western Australia.
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