Transalta Renewables PT Raised to C$16.50 at TD Securities (RNW)
Equities research analysts at TD Securities raised their price target on shares of Transalta Renewables (TSE:RNW) from C$16.00 to C$16.50 in a research note issued to investors on Friday, Analyst RN reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 59.11% from the company’s current price.
Transalta Renewables (TSE:RNW) traded up 0.68% during mid-day trading on Friday, hitting $10.37. The stock had a trading volume of 92,357 shares. Transalta Renewables has a one year low of $9.88 and a one year high of $10.35. The stock’s 50-day moving average is $10.21 and its 200-day moving average is $10.13.
The company also recently announced a jan 14 dividend, which is scheduled for Friday, January 31st. Investors of record on Thursday, January 2nd will be paid a dividend of $0.06 per share.
Other equities research analysts have also recently issued reports about the stock. Analysts at CIBC reiterated a “sector outperform” rating on shares of Transalta Renewables in a research note to investors on Wednesday, October 23rd. They now have a C$11.50 price target on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Transalta Renewables in a research note to investors on Tuesday, October 22nd. They now have a C$11.00 price target on the stock.
TransAlta Renewables Inc is a generator and marketer of electricity and renewable power. The Company owns a portfolio of renewable power generation facilities.
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