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

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

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

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.

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