Brookfield Renewable (BEP.UN) Gets a Hold Rating from Desjardins


A Wall Street analyst has provided a review for the Utilities company yesterday, but retained the same rating on the stock. Analyst Bill Cabel from Desjardins reiterated a Hold rating on Brookfield Renewable (BEP.UN), with a C$43 price target.

According to TipRanks.com, Cabel is a 4-star analyst with an average return of 8.8% and a 79.3% success rate. Cabel covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners L.P., Algonquin Power & Utilities Corp, and Pattern Energy.

Currently, the analyst consensus on Brookfield Renewable is a Hold with an average price target of C$43, an 11.5% upside from current levels. In a report released yesterday, BMO Capital also maintained a Hold rating on the stock.

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The company has a one-year high of C$41.77 and a one-year low of C$33.32. Currently, Brookfield Renewable has an average volume of 156K.

Brookfield Renewable Partners LP owns, operates and develops renewable power generation facilities. It operates through four segments: Hydroelectric; Wind; Solar, Storage & Other; and Corporate. The Hydroelectric segment provides facilities in the North America, Columbia, Europe, and Brazil.

The company’s shares closed on Monday at C$38.57.