CIBC upgraded shares of TransAlta Renewables (TSE:RNW) from an underperform rating to a neutral rating in a research note issued to investors on Thursday, BayStreet.CA reports.
Several other brokerages also recently commented on RNW. National Bank Financial boosted their target price on shares of TransAlta Renewables from C$13.00 to C$13.25 and gave the company a sector perform rating in a research note on Wednesday, July 10th. Raymond James reiterated a market perform rating and set a C$14.50 price target on shares of TransAlta Renewables in a research report on Friday, August 9th. Canaccord Genuity upped their price target on shares of TransAlta Renewables from C$13.00 to C$13.50 in a research report on Tuesday, May 14th. Finally, Desjardins reiterated an average rating and set a C$13.00 price target on shares of TransAlta Renewables in a research report on Wednesday, April 24th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of C$13.41.
Shares of TSE:RNW opened at C$12.95 on Thursday. TransAlta Renewables has a 52 week low of C$9.76 and a 52 week high of C$14.34. The company has a debt-to-equity ratio of 41.50, a quick ratio of 0.90 and a current ratio of 2.10. The company’s fifty day moving average is C$13.63 and its 200-day moving average is C$13.42. The company has a market capitalization of $3.42 billion and a PE ratio of 16.09.
TransAlta Renewables Company Profile
TransAlta Renewables Inc develops, owns, and operates renewable power generation facilities. As of March 6, 2019, 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 2,414 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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