Shares of TransAlta Renewables Inc (TSE:RNW) have been assigned a consensus rating of “Buy” from the eight analysts that are presently covering the stock. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$14.34.
RNW has been the topic of a number of recent research reports. National Bank Financial lowered TransAlta Renewables from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from C$13.50 to C$14.00 in a research note on Wednesday, July 13th. Royal Bank Of Canada lifted their price target on TransAlta Renewables from C$13.00 to C$15.00 and gave the company an “outperform” rating in a research note on Thursday, August 11th. CIBC lifted their price target on TransAlta Renewables from C$13.00 to C$14.00 in a research note on Wednesday, July 20th. Desjardins lifted their price target on TransAlta Renewables from C$13.50 to C$13.75 and gave the company a “hold” rating in a research note on Wednesday, August 17th. Finally, TD Securities lifted their price target on TransAlta Renewables from C$14.00 to C$15.00 and gave the company a “buy” rating in a research note on Wednesday, August 10th.
Shares of TransAlta Renewables (TSE:RNW) opened at 14.30 on Tuesday. TransAlta Renewables has a 1-year low of $8.99 and a 1-year high of $15.09. The company’s 50-day moving average price is $14.49 and its 200-day moving average price is $13.45. The company has a market capitalization of $3.20 billion and a PE ratio of 25.31.
The business also recently disclosed a monthly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 31st will be paid a $0.0733 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date is Thursday, September 29th.
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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