Transalta Renewables’s Hold Rating Reaffirmed at TD Securities (RNW)
Transalta Renewables (TSE:RNW)‘s stock had its “hold” rating restated by equities research analysts at TD Securities in a research note issued to investors on Monday, AmericanBankingNews.com reports. They currently have a C$11.00 target price on the stock. TD Securities’ target price points to a potential downside of 3.00% from the company’s current price.
Shares of Transalta Renewables (TSE:RNW) traded up 0.71% 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’s 50-day moving average is $11.36 and its 200-day moving average is $10.99.
Transalta Renewables (TSE:RNW) last released its earnings data on Monday, May 5th. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.05.
The company also recently declared a jun 14 dividend, which is scheduled for Monday, June 30th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.0642 per share.
Other equities research analysts have also recently issued reports about the stock. 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Transalta Renewables presently has a consensus rating of “Hold” and an average price target of C$11.44.
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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