Newalta Co. (TSE:NAL) had its price objective trimmed by Scotiabank from C$4.00 to C$3.50 in a research report report published on Friday, reports. The brokerage currently has an outperform rating on the stock.

Several other research firms have also recently commented on NAL. TD Securities reissued a hold rating and issued a C$2.50 target price on shares of Newalta in a research note on Thursday, August 4th. GMP Securities cut Newalta from a hold rating to a reduce rating in a research note on Friday, August 5th. Canaccord Genuity lifted their price objective on Newalta to C$3.50 and gave the stock a speculative buy rating in a research note on Saturday, August 6th. Finally, National Bank Financial cut Newalta from an outperform rating to a sector perform rating and set a C$2.00 price objective for the company. in a research note on Thursday, November 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Newalta currently has an average rating of Hold and a consensus target price of C$2.70.

Shares of Newalta (TSE:NAL) opened at 2.05 on Friday. The stock’s 50 day moving average price is $2.30 and its 200 day moving average price is $2.23. Newalta has a one year low of $1.45 and a one year high of $5.57. The stock’s market capitalization is $180.70 million.

Newalta Company Profile

Newalta Corporation is a Canada-based provider of engineered environmental solutions to the oil and gas industry. The Company’s segments include Heavy Oil and Oilfield. The Company’s Heavy Oil segment processes oilfield-generated wastes, including treatment, water disposal, salt cavern disposal, landfilling, and the sale of recovered crude oil.

Stock Target Prices

Receive News & Stock Ratings for Newalta Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newalta Co. and related stocks with our FREE daily email newsletter.