TransAlta Renewable (RNW), the Utilities sector company was revisited yesterday, yet the Wall Street analyst remains currently on the sidelines. The company received a Hold rating from Canaccord Genuity’s analyst David Galison, with a C$12.50 price target.
Galison has an average return of 16.0% when recommending TransAlta Renewable.
According to TipRanks.com, Galison is ranked #680 out of 5216 analysts.
Currently, the analyst consensus on TransAlta Renewable is a Hold with an average price target of C$12.63, implying a -0.4% downside from current levels. In a report issued on February 19, National Bank also maintained a Hold rating on the stock with a C$12.50 price target.
.
The company has a one-year high of C$13.32 and a one-year low of C$9.76. Currently, TransAlta Renewable has an average volume of 359.9K.
TransAlta Renewables, Inc. engages in the acquisition of renewable power generation facilities in operation or under construction. It operates through the following segments: Canadian Wind, Canadian Hydro, and Canadian Gas. The Canadian Wind segment includes the result of the Le Nordais facility.
The company’s shares closed on Thursday at C$12.69.
