National Bank Financial Increases Brookfield Renewable Partners (TSE:BEP.UN) Price Target to C$46.00

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) had its target price raised by equities research analysts at National Bank Financial from C$42.50 to C$46.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price objective indicates a potential downside of 25.76% from the stock’s previous close.

Shares of BEP.UN traded down C$1.16 during trading hours on Wednesday, hitting C$61.96. The company had a trading volume of 158,081 shares, compared to its average volume of 152,890. The stock has a market capitalization of $11.30 billion and a price-to-earnings ratio of 137.69. The firm has a fifty day moving average price of C$57.80 and a 200-day moving average price of C$50.31. Brookfield Renewable Partners has a 52-week low of C$33.32 and a 52-week high of C$62.84. The company has a debt-to-equity ratio of 64.79, a quick ratio of 0.56 and a current ratio of 1.22.

Brookfield Renewable Partners Company Profile

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities in the North America, Colombia, Brazil, Europe, and internationally. The company operates through Hydroelectric; Wind; and Solar, Storage, and others segments. It operates 840 generation facilities using hydro, solar, wind, biomass, and other renewable technologies.

Read More: Asset Allocation and Your Retirement

Receive News & Ratings for Brookfield Renewable Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Renewable Partners and related companies with's FREE daily email newsletter.