Brokerages Set TransAlta Renewables Inc (TSE:RNW) PT at $14.34
TransAlta Renewables Inc (TSE:RNW) has earned a consensus rating of “Buy” from the eight brokerages that are covering the firm. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$14.34.
Several equities research analysts have commented on RNW shares. National Bank Financial lowered shares of TransAlta Renewables from an “outperform” rating to a “sector perform” rating and raised their price target for the company from C$13.50 to C$14.00 in a research note on Wednesday, July 13th. CIBC raised their price target on shares of TransAlta Renewables from C$13.00 to C$14.00 in a research note on Wednesday, July 20th. Desjardins restated a “hold” rating and issued a C$13.75 price target on shares of TransAlta Renewables in a research note on Wednesday, August 10th. Raymond James Financial Inc. dropped their price target on shares of TransAlta Renewables from C$15.25 to C$14.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 10th. Finally, RBC Capital Markets raised their price objective on shares of TransAlta Renewables from C$13.00 to C$15.00 and gave the company an “outperform” rating in a research note on Wednesday, August 10th.
TransAlta Renewables (TSE:RNW) opened at 14.32 on Tuesday. TransAlta Renewables has a one year low of $8.99 and a one year high of $15.09. The firm has a 50-day moving average price of $14.49 and a 200 day moving average price of $13.43. The firm has a market capitalization of $3.21 billion and a P/E ratio of 25.35.
The firm also recently announced a monthly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 31st will be issued a dividend of $0.0733 per share. This represents a $0.88 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date of this dividend is Thursday, September 29th.
TransAlta Renewables Company Profile
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.
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