TransAlta Renewables (RNW) Price Target Cut to C$14.00 by Analysts at TD Securities
TransAlta Renewables (TSE:RNW) had its price target lowered by investment analysts at TD Securities from C$15.00 to C$14.00 in a research note issued to investors on Thursday. TD Securities’ target price points to a potential upside of 5.26% from the company’s current price.
Separately, Scotiabank reduced their price objective on TransAlta Renewables from C$15.00 to C$14.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 14th. Four research analysts have rated the stock with a hold rating, TransAlta Renewables presently has a consensus rating of “Hold” and an average target price of C$14.67.
Shares of TransAlta Renewables (TSE RNW) traded up C$0.14 during trading on Thursday, reaching C$13.30. The company had a trading volume of 173,973 shares, compared to its average volume of 238,613. TransAlta Renewables has a 52-week low of C$13.00 and a 52-week high of C$16.25.
TransAlta Renewables Inc is a Canada-based company engaged in developing, owning and operating renewable power generation facilities. The Company owns and operates over 10 hydro facilities and approximately 20 wind farms in Western and Eastern Canada with a total installed capacity of approximately 1,140 megawatts (MW) and holds economic interest in approximately 140 MW Wyoming Wind Farm and approximately 420 MW Australian gas-fired generation assets, as well as over 270 kilometers gas pipeline.
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