TransAlta Renewable (RNW), the Utilities sector company, was revisited by a Wall Street analyst on April 22. Analyst Bill Cabel from Desjardins reiterated a Hold rating, with a C$13 price target on April 22.
According to TipRanks.com, Cabel is a 5-star analyst with an average return of 12.2% and a 85.1% success rate. Cabel covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners L.P., Algonquin Power & Utilities Corp, and Pattern Energy.
TransAlta Renewable has an analyst consensus of Hold, with a price target consensus of C$12.83.
The company has a one-year high of C$14.03 and a one-year low of C$9.76. Currently, TransAlta Renewable has an average volume of 342.8K.
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, Canadian Gas, and Corporate. The Canadian Wind segment includes the result of the Le Nordais facility.
The company’s shares closed on Tuesday at C$13.79, close to its 52-week high of C$14.03.
