Transalta Renewables’s Sector Perform Rating Reaffirmed at National Bank Financial (RNW)
Transalta Renewables (TSE:RNW)‘s stock had its “sector perform” rating reaffirmed by analysts at National Bank Financial in a research report issued to clients and investors on Monday, Stock Ratings News reports.
A number of other analysts have also recently weighed in on RNW. 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. Separately, 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. Finally, analysts at NBF raised their price target on shares of Transalta Renewables from C$10.75 to C$11.25 in a research note on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average 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 1-year low of $9.88 and a 1-year 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 earnings per share for the quarter, beating the analysts’ 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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