National Bank Financial Cuts TransAlta Renewables (OTCMKTS:TRSWF) Price Target to C$18.50

TransAlta Renewables (OTCMKTS:TRSWF) had its price objective reduced by National Bank Financial from C$19.00 to C$18.50 in a research note published on Wednesday, The Fly reports.

A number of other research firms have also weighed in on TRSWF. Scotiabank cut their target price on shares of TransAlta Renewables from C$20.00 to C$19.00 in a research report on Wednesday. Royal Bank of Canada upgraded shares of TransAlta Renewables from a sector perform rating to an outperform rating in a report on Wednesday. TD Securities dropped their price objective on shares of TransAlta Renewables from C$19.50 to C$18.00 in a report on Wednesday. Credit Suisse Group dropped their price objective on shares of TransAlta Renewables from C$21.00 to C$20.00 and set a neutral rating on the stock in a report on Monday, November 1st. Finally, Raymond James dropped their price objective on shares of TransAlta Renewables from C$20.50 to C$19.00 in a report on Wednesday. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Hold and an average target price of $19.50.

TRSWF stock opened at $13.17 on Wednesday. TransAlta Renewables has a 1 year low of $12.52 and a 1 year high of $18.00. The company has a fifty day simple moving average of $14.59 and a 200 day simple moving average of $15.57.

About TransAlta Renewables

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: Hold Rating

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Analyst Recommendations for TransAlta Renewables (OTCMKTS:TRSWF)

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