TransAlta Renewables Inc (RNW) Given Sector Perform Rating at Royal Bank Of Canada
Several other equities research analysts have also commented on the stock. Desjardins upped their price target on shares of TransAlta Renewables from C$13.50 to C$13.75 and gave the company a hold rating in a report on Wednesday, August 17th. TD Securities upped their price target on shares of TransAlta Renewables from C$14.00 to C$15.00 and gave the company a buy rating in a report on Wednesday, August 10th. Scotiabank reaffirmed a sector perform rating and issued a C$13.50 price target on shares of TransAlta Renewables in a report on Wednesday, August 10th. RBC Capital Markets lowered shares of TransAlta Renewables from an outperform rating to a sector perform rating in a report on Tuesday, November 1st. Finally, Raymond James Financial Inc. lowered 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 report on Wednesday, August 10th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of C$14.75.
TransAlta Renewables (TSE:RNW) opened at 13.39 on Tuesday. TransAlta Renewables has a 52-week low of $8.99 and a 52-week high of $15.09. The company has a 50-day moving average price of $14.19 and a 200 day moving average price of $13.83. The stock has a market cap of $3.00 billion and a price-to-earnings ratio of 36.49.
The business also recently declared a monthly dividend, which will be paid on Wednesday, November 30th. Investors of record on Wednesday, November 30th will be given a dividend of $0.0733 per share. The ex-dividend date is Friday, October 28th. This represents a $0.88 annualized dividend and a dividend yield of 6.57%.
About TransAlta Renewables
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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