TransAlta Renewables (TSE:RNW) had its target price trimmed by National Bank Financial from C$15.00 to C$13.50 in a report released on Wednesday. The firm currently has a sector perform rating on the stock.

A number of other research analysts have also recently commented on RNW. Scotiabank decreased their price objective on 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. TD Securities decreased their price objective on TransAlta Renewables from C$15.00 to C$14.00 in a report on Thursday, December 7th. Five research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of Hold and an average price target of C$14.40.

TransAlta Renewables (TSE RNW) opened at C$11.78 on Wednesday. TransAlta Renewables has a twelve month low of C$11.55 and a twelve month high of C$16.25. The company has a market capitalization of $2,950.00, a P/E ratio of 392.67 and a beta of 0.27.

The company also recently announced a monthly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 28th will be given a $0.0783 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 7.98%. The ex-dividend date is Wednesday, January 31st. TransAlta Renewables’s payout ratio is 2,966.53%.

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About TransAlta Renewables

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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