TD Securities Lowers TransAlta Renewables Inc (RNW) Price Target to C$15.00
TransAlta Renewables Inc (TSE:RNW) had its price target lowered by TD Securities from C$15.50 to C$15.00 in a report issued on Friday. The firm presently has a “hold” rating on the stock. TD Securities’ price objective would suggest a potential upside of 12.95% from the company’s current price.
Separately, National Bank Financial reiterated a “sector perform under weight” rating on shares of TransAlta Renewables in a research report on Thursday, July 20th. Five analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of C$15.00.
TransAlta Renewables (TSE RNW) opened at C$13.28 on Friday.
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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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