Newalta Co. (NAL) Given Average Rating of “Hold” by Analysts
Newalta Co. (TSE:NAL) has been given a consensus rating of “Hold” by the six brokerages that are currently covering the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$3.13.
Several equities research analysts have weighed in on NAL shares. Scotiabank reaffirmed an “outperform” rating and issued a C$4.00 target price on shares of Newalta in a research report on Friday, February 24th. AltaCorp Capital raised Newalta from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, February 7th.
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Shares of Newalta (TSE:NAL) traded down 2.01% during trading on Monday, reaching $1.95. 241,717 shares of the company’s stock traded hands. Newalta has a 1-year low of $1.45 and a 1-year high of $2.90. The company’s market capitalization is $171.89 million. The company has a 50 day moving average of $2.05 and a 200-day moving average of $2.18.
Newalta Company Profile
Newalta Corporation is a Canada-based provider of engineered environmental solutions to the oil and gas industry. The Company’s segments include Heavy Oil and Oilfield. The Company’s Heavy Oil segment processes oilfield-generated wastes, including treatment, water disposal, salt cavern disposal, landfilling, and the sale of recovered crude oil.
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