TransAlta Renewables Inc (TSE:RNW) has received a consensus recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating. The average 1 year target price among analysts that have covered the stock in the last year is C$14.88.
A number of equities research analysts recently issued reports on RNW shares. National Bank Financial restated a “sector perform under weight” rating on shares of TransAlta Renewables in a report on Thursday, July 20th. TD Securities decreased their price objective on shares of TransAlta Renewables from C$16.00 to C$15.50 and set a “hold” rating for the company in a research note on Friday, August 11th.
TransAlta Renewables (TSE RNW) traded down 1.17% during trading on Tuesday, hitting $14.36. 100,166 shares of the company were exchanged. The company has a market capitalization of $3.60 billion and a price-to-earnings ratio of 32.79. TransAlta Renewables has a 12 month low of $12.66 and a 12 month high of $16.25. The company has a 50-day moving average of $14.34 and a 200-day moving average of $15.26.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.078 per share. This is an increase from TransAlta Renewables’s previous monthly dividend of $0.07. This represents a $0.94 annualized dividend and a yield of 6.52%. The ex-dividend date of this dividend is Wednesday, August 30th.
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TransAlta Renewables Company Profile
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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