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Analysts at RBC Capital hoisted their price target on shares of Newalta (TSE:NAL) from C$19.00 to C$20.00 in a research report issued to clients and investors on Monday, Analyst Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target would suggest a potential upside of 15.54% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Mackie reiterated a “buy” rating on shares of Newalta in a research note on Monday. Separately, analysts at TD Securities raised their price target on shares of Newalta from C$19.00 to C$20.00 in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at Scotiabank upgraded shares of Newalta from a “sector perform” rating to an “outperform” rating in a research note on Monday. They now have a C$20.00 price target on the stock, up previously from C$19.00. Seven equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of C$20.29.

Shares of Newalta (TSE:NAL) traded up 3.41% during mid-day trading on Monday, hitting $17.90. The stock had a trading volume of 333,528 shares. Newalta has a 1-year low of $12.41 and a 1-year high of $17.85. The stock’s 50-day moving average is $17.00 and its 200-day moving average is $16.18. The company has a market cap of $972.4 million and a P/E ratio of 26.63.

Newalta Corporation (TSE:NAL) is a Canada-based company.

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