Today, an analyst has provided a rating update for TransAlta Renewable (RNW). Analyst Jeremy Rosenfield from Industrial Alliance Securities rated TransAlta Renewable (RNW) a Hold, setting a C$13 price target.
According to TipRanks.com, Rosenfield is ranked #2144 out of 5216 analysts.
TransAlta Renewable has an analyst consensus of Hold, with a price target consensus of C$12.70, implying a 0.1% upside from current levels. In a report released today, CIBC also reiterated a Hold rating on the stock with a C$13 price target.
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TransAlta Renewable’s market cap is currently C$3.34B and has a P/E ratio of 17.3. The company has a Price to Book ratio of 1.47.
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.
