TransAlta Renewables (RNW) Price Target Cut to C$13.50 by Analysts at National Bank Financial

TransAlta Renewables (TSE:RNW) had its target price reduced by investment analysts at National Bank Financial from C$15.00 to C$13.50 in a research report issued to clients and investors on Wednesday. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 12.88% from the stock’s current price.

Several other research firms also recently commented on RNW. TD Securities decreased their price target on shares of TransAlta Renewables from C$15.50 to C$15.00 and set a “hold” rating on the stock in a research note on Friday, November 3rd. Scotiabank reduced their price objective on shares of TransAlta Renewables from C$15.00 to C$14.00 and set a “sector perform” rating on the stock in a research note on Tuesday, November 14th. Five investment analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of C$14.42.

TransAlta Renewables (RNW) traded down C$0.02 during mid-day trading on Wednesday, hitting C$11.96. 188,453 shares of the company traded hands, compared to its average volume of 395,634. TransAlta Renewables has a fifty-two week low of C$11.76 and a fifty-two week high of C$16.25. The firm has a market capitalization of $3,000.00, a P/E ratio of 399.00 and a beta of 0.27.

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About TransAlta Renewables

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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