TransAlta Renewables (OTCMKTS:TRSWF) had its price target cut by Raymond James from C$20.50 to C$19.00 in a research report released on Wednesday, The Fly reports.
Other research analysts have also recently issued reports about the company. National Bank Financial lowered their price target on TransAlta Renewables from C$20.00 to C$19.00 and set a sector perform rating on the stock in a report on Thursday, December 2nd. Royal Bank of Canada raised TransAlta Renewables from a sector perform rating to an outperform rating in a report on Wednesday. TD Securities cut their target price on TransAlta Renewables from C$19.50 to C$18.00 in a research report on Wednesday. CIBC cut their price objective on TransAlta Renewables from C$20.50 to C$20.00 in a research report on Tuesday. Finally, Scotiabank cut their price objective on TransAlta Renewables from C$20.00 to C$19.00 in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $19.50.
OTCMKTS TRSWF opened at $13.17 on Wednesday. The stock’s 50 day moving average is $14.59 and its 200 day moving average is $15.57. TransAlta Renewables has a 12 month low of $12.52 and a 12 month high of $18.00.
TransAlta Renewables, Inc engages in the acquisition of renewable power generation facilities in operation or under construction. It operates through the following segments: Canadian Wind, Canadian Hydro and Canadian Gas. The Canadian Wind segment includes the result of the Le Nordais facility. The Canadian Hydro segment comprises of the outcome of the Ragged Chute facility.
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