TransAlta Renewables Inc (TSE:RNW) had its target price lowered by TD Securities from C$15.50 to C$15.00 in a research note issued on Friday. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective suggests a potential upside of 11.94% from the stock’s previous close.

Separately, National Bank Financial reaffirmed a “sector perform under weight” rating on shares of TransAlta Renewables in a research report on Thursday, July 20th. Five equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus price target of C$15.00.

Shares of TransAlta Renewables (TSE RNW) traded down C$0.53 on Friday, reaching C$13.40. 574,908 shares of the company’s stock were exchanged.

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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.

Analyst Recommendations for TransAlta Renewables (TSE:RNW)

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