TransAlta Renewables Inc (RNW) Given Consensus Rating of “Hold” by Brokerages
TransAlta Renewables Inc (TSE:RNW) has received a consensus rating of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$12.90.
RNW has been the topic of several recent analyst reports. Industrial Alliance Securities lowered TransAlta Renewables from a “buy” rating to a “hold” rating and dropped their price target for the company from C$14.00 to C$12.00 in a research note on Tuesday, October 9th. National Bank Financial dropped their price target on TransAlta Renewables from C$12.50 to C$12.00 in a research note on Friday, October 5th. TD Securities raised TransAlta Renewables from a “hold” rating to a “buy” rating and set a C$13.00 price target on the stock in a research note on Friday, November 2nd. Royal Bank of Canada dropped their price target 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 dropped their price target on TransAlta Renewables from C$13.00 to C$12.00 in a research note on Wednesday, October 24th.
Shares of TransAlta Renewables stock traded down C$0.02 during midday trading on Friday, reaching C$11.33. The company had a trading volume of 302,800 shares, compared to its average volume of 288,902. The company has a quick ratio of 0.42, a current ratio of 0.49 and a debt-to-equity ratio of 43.19. TransAlta Renewables has a fifty-two week low of C$10.23 and a fifty-two week 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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