Brookfield Renewable Partners (TSE:BEP.UN) PT Raised to C$42.50
Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) had its target price hoisted by National Bank Financial from C$41.00 to C$42.50 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price objective would indicate a potential downside of 27.87% from the stock’s previous close.
Separately, CSFB downgraded Brookfield Renewable Partners from an “outperform” rating to a “neutral” rating in a report on Thursday, July 25th.
Shares of TSE BEP.UN traded up C$0.03 during mid-day trading on Tuesday, hitting C$58.92. 276,731 shares of the stock traded hands, compared to its average volume of 152,890. The company has a debt-to-equity ratio of 60.95, a current ratio of 0.95 and a quick ratio of 0.51. Brookfield Renewable Partners has a twelve month low of C$33.32 and a twelve month high of C$57.65. The company has a market cap of $10.54 billion and a PE ratio of 134.83. The firm has a 50 day simple moving average of C$55.26 and a two-hundred day simple moving average of C$48.52.
Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities in the North America, Colombia, Brazil, Europe, and internationally. The company operates through Hydroelectric; Wind; and Solar, Storage, and others segments. It operates 840 generation facilities using hydro, solar, wind, biomass, and other renewable technologies.
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