TransAlta Renewables Inc. (OTCMKTS:TRSWF) has been given an average rating of “Hold” by the seven ratings firms that are covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating. The average twelve-month price target among analysts that have covered the stock in the last year is $21.17.
TRSWF has been the subject of a number of analyst reports. TD Securities increased their target price on shares of TransAlta Renewables from C$20.00 to C$21.00 and gave the company a “hold” rating in a research report on Wednesday, August 11th. Credit Suisse Group decreased their price target on shares of TransAlta Renewables from C$22.00 to C$21.00 and set a “neutral” rating for the company in a report on Tuesday, May 25th. Finally, CIBC raised their price target on shares of TransAlta Renewables from C$20.00 to C$21.00 and gave the stock a “neutral” rating in a report on Wednesday, July 21st.
OTCMKTS:TRSWF traded down $0.11 during midday trading on Friday, reaching $15.51. 3,867 shares of the stock traded hands, compared to its average volume of 6,645. TransAlta Renewables has a 12-month low of $11.69 and a 12-month high of $19.20. The business has a 50-day moving average of $16.51 and a two-hundred day moving average of $16.25.
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 Canadian Hydro segment comprises of the outcome of the Ragged Chute facility.
Further Reading: Initial Coin Offerings entail a high degree of risk
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