Newalta Co. (NAL) Receives C$2.70 Consensus PT from Analysts
Shares of Newalta Co. (TSE:NAL) have earned an average rating of “Hold” from the eight analysts that are currently covering the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$2.70.
NAL has been the subject of a number of analyst reports. Scotiabank reissued an “outperform” rating and issued a C$5.00 price objective on shares of Newalta in a report on Friday, August 5th. GMP Securities lowered shares of Newalta from a “hold” rating to a “reduce” rating in a report on Friday, August 5th. TD Securities reissued a “hold” rating and issued a C$2.50 price objective on shares of Newalta in a report on Thursday, August 4th. National Bank Financial lowered shares of Newalta from an “outperform” rating to a “sector perform” rating and set a C$2.00 price objective for the company. in a report on Thursday, November 10th. Finally, Canaccord Genuity upped their price objective on shares of Newalta to C$3.50 and gave the company a “speculative buy” rating in a report on Saturday, August 6th.
Shares of Newalta (TSE:NAL) opened at 1.69 on Friday. The company’s market cap is $148.97 million. The stock has a 50 day moving average of $2.16 and a 200 day moving average of $2.24. Newalta has a 12-month low of $1.45 and a 12-month high of $5.14.
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.
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