Transalta Renewables Coverage Initiated by Analysts at Canaccord Genuity (RNW)
Equities research analysts at Canaccord Genuity started coverage on shares of Transalta Renewables (TSE:RNW) in a research note issued to investors on Monday, AnalystRatingsNetwork.com reports. The firm set a “buy” rating and a C$12.25 price target on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 8.02% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at National Bank Financial reiterated a “sector perform” rating on shares of Transalta Renewables in a research note on Monday. Separately, analysts at TD Securities reiterated a “hold” rating on shares of Transalta Renewables in a research note on Monday. They now have a C$11.00 price target on the stock. Finally, analysts at NBF initiated coverage on shares of Transalta Renewables in a research note on Monday. They set a “sector perform” rating on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$11.44.
Shares of Transalta Renewables (TSE:RNW) traded up 0.71% during mid-day trading on Monday, hitting $11.34. The stock had a trading volume of 166,649 shares. Transalta Renewables has a 52 week low of $9.88 and a 52 week high of $11.79. The stock has a 50-day moving average of $11.36 and a 200-day moving average of $10.99.
Transalta Renewables (TSE:RNW) last announced its earnings results on Monday, May 5th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.05.
The company also recently announced a jun 14 dividend, which is scheduled for Monday, June 30th. Investors of record on Monday, June 2nd will be paid a dividend of $0.0642 per share.
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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