TransAlta Renewables Inc (TSE:RNW) has been given a consensus recommendation of “Hold” by the eight analysts that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$14.81.
A number of equities research analysts recently issued reports on the stock. Raymond James restated a “market perform” rating and issued a C$14.50 target price on shares of TransAlta Renewables in a report on Thursday, November 7th. CIBC boosted their target price on shares of TransAlta Renewables from C$15.00 to C$15.50 in a report on Thursday, January 30th. TD Securities boosted their target price on shares of TransAlta Renewables from C$15.00 to C$15.50 and gave the company a “buy” rating in a report on Thursday, November 7th. Scotiabank boosted their target price on shares of TransAlta Renewables from C$14.00 to C$16.00 in a report on Friday, February 7th. Finally, National Bank Financial boosted their target price on shares of TransAlta Renewables from C$15.50 to C$17.50 and gave the company a “sector perform” rating in a report on Thursday, February 13th.
TransAlta Renewables stock traded down C$0.10 during trading on Friday, reaching C$17.67. The company had a trading volume of 673,218 shares, compared to its average volume of 450,993. TransAlta Renewables has a 12-month low of C$12.15 and a 12-month high of C$18.25. The stock’s 50 day moving average price is C$16.85 and its two-hundred day moving average price is C$14.83. The firm has a market capitalization of $4.74 billion and a price-to-earnings ratio of 20.81. The company has a debt-to-equity ratio of 39.33, a quick ratio of 0.66 and a current ratio of 1.79.
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.
Further Reading: Price to Earnings Ratio (PE) Basics
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